Deckers Outdoor Corp.’s recently made public that its President & CEO Powers David unloaded Company’s shares for reported $5.53 million on Mar 15 ’24. In the deal valued at $922.85 per share,5,993 shares were sold. As a result of this transaction, Powers David now holds 98,218 shares worth roughly $85.23 million.
Then, Stewart Bonita C. sold 3,500 shares, generating $3,048,885 in total proceeds. Upon selling the shares at $871.11, the Director now owns 8,863 shares.
Before that, Powers David sold 5,993 shares. Deckers Outdoor Corp. shares valued at $5,169,170 were divested by the President & CEO at a price of $862.53 per share. As a result of the transaction, Powers David now holds 98,218 shares, worth roughly $85.23 million.
Barclays initiated its Deckers Outdoor Corp. [DECK] rating to an Overweight in a research note published on April 01, 2024; the price target was $1110. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid February with a ‘”an Outperform”‘ rating. KeyBanc Capital Markets began covering DECK with “an Overweight” recommendation on February 07, 2024. Telsey Advisory Group maintained its rating on February 02, 2024. It rated DECK as “an Outperform”.
Price Performance Review of DECK
On Tuesday, Deckers Outdoor Corp. [NYSE:DECK] saw its stock fall -2.37% to $867.81. Over the last five days, the stock has lost -3.93%. Deckers Outdoor Corp. shares have risen nearly 29.83% since the year began. Nevertheless, the stocks have risen 94.41% over the past one year. While a 52-week high of $956.17 was reached on 03/21/24, a 52-week low of $424.36 was recorded on 01/05/24. SMA at 50 days reached $881.62, while 200 days put it at $661.67. A total of 0.43 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For DECK Stock
The 24-hour chart illustrates a support level at 845.28, which if violated will result in even more drops to 822.74. On the upside, there is a resistance level at 892.70. A further resistance level may holdings at 917.58. The Relative Strength Index (RSI) on the 14-day chart is 40.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -34.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.41%. Stochastics %K at 15.15% indicates the stock is a buying.
How much short interest is there in Deckers Outdoor Corp.?
A steep rise in short interest was recorded in Deckers Outdoor Corp. stocks on Mar 28, 2024, dropping by -0.1 million shares to a total of 0.91 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.01 million shares. There was a decline of -11.04%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.92% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.43.
The most recent change occurred on January 25, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $850.
