In a filing, Duckhorn Portfolio Inc revealed its insider Mahlan Deirdre unloaded Company’s shares for reported $0.27 million on Mar 28 ’24. In the deal valued at $9.23 per share,29,681 shares were sold. As a result of this transaction, Mahlan Deirdre now holds 104,590 shares worth roughly $0.94 million.
Then, Sullivan Sean B.A. sold 9,700 shares, generating $88,583 in total proceeds. Upon selling the shares at $9.13, the insider now owns 154,797 shares.
Before that, Sullivan Sean B.A. sold 5,300 shares. Duckhorn Portfolio Inc shares valued at $50,351 were divested by the insider at a price of $9.50 per share. As a result of the transaction, Sullivan Sean B.A. now holds 164,497 shares, worth roughly $1.48 million.
BofA Securities downgraded its Duckhorn Portfolio Inc [NAPA] rating to an Underperform from a a Neutral in a research note published on February 13, 2024; the price target was decreased to $8 from $11. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Neutral”. Jefferies began covering NAPA with “Buy” recommendation on November 13, 2023. BMO Capital Markets started covering the stock on September 05, 2023. It rated NAPA as “a Market perform”.
Price Performance Review of NAPA
On Tuesday, Duckhorn Portfolio Inc [NYSE:NAPA] saw its stock jump 0.33% to $9.02. Over the last five days, the stock has lost -1.85%. Duckhorn Portfolio Inc shares have fallen nearly -8.43% since the year began. Nevertheless, the stocks have fallen -40.42% over the past one year. While a 52-week high of $15.37 was reached on 01/02/24, a 52-week low of $8.34 was recorded on 01/19/24. SMA at 50 days reached $9.11, while 200 days put it at $10.58. A total of 0.94 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For NAPA Stock
The 24-hour chart illustrates a support level at 8.94, which if violated will result in even more drops to 8.85. On the upside, there is a resistance level at 9.11. A further resistance level may holdings at 9.19. The Relative Strength Index (RSI) on the 14-day chart is 46.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.11%. Stochastics %K at 42.59% indicates the stock is a holding.
How much short interest is there in Duckhorn Portfolio Inc?
A steep rise in short interest was recorded in Duckhorn Portfolio Inc stocks on Mar 15, 2024, growing by 20000.0 shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.59 million shares. There was a rise of 0.43%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.44.
