Dycom Industries, Inc.’s recent filing unveils that its VP and CHRO Lawson Jason T unloaded Company’s shares for reported $30859.0 on Apr 01 ’24. In the deal valued at $140.27 per share,220 shares were sold. As a result of this transaction, Lawson Jason T now holds 7,793 shares worth roughly $1.11 million.
Then, VILLAVERDE SHARON sold 2,268 shares, generating $231,563 in total proceeds. Upon selling the shares at $102.10, the VP & Chief Accounting Officer now owns 6,524 shares.
Before that, Lawson Jason T sold 618 shares. Dycom Industries, Inc. shares valued at $54,612 were divested by the VP and CHRO at a price of $88.37 per share. As a result of the transaction, Lawson Jason T now holds 5,205 shares, worth roughly $0.74 million.
B. Riley Securities upgraded its Dycom Industries, Inc. [DY] rating to a Buy from a a Neutral in a research note published on March 08, 2024; the price target was increased to $172 from $101. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Raymond James also remained covering DY and has increased its forecast on October 20, 2023 with a “Strong buy” recommendation from previously “an Outperform” rating. BofA Securities started covering the stock on October 03, 2023. It rated DY as “a Buy”.
Price Performance Review of DY
On Tuesday, Dycom Industries, Inc. [NYSE:DY] saw its stock fall -0.18% to $141.81. Over the last five days, the stock has gained 2.58%. Dycom Industries, Inc. shares have risen nearly 23.22% since the year began. Nevertheless, the stocks have risen 60.29% over the past one year. While a 52-week high of $146.32 was reached on 03/22/24, a 52-week low of $78.42 was recorded on 01/05/24. SMA at 50 days reached $129.25, while 200 days put it at $107.11. A total of 0.24 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For DY Stock
The 24-hour chart illustrates a support level at 140.87, which if violated will result in even more drops to 139.94. On the upside, there is a resistance level at 143.04. A further resistance level may holdings at 144.28. The Relative Strength Index (RSI) on the 14-day chart is 59.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.93%. Stochastics %K at 67.05% indicates the stock is a holding.
How much short interest is there in Dycom Industries, Inc.?
A steep rise in short interest was recorded in Dycom Industries, Inc. stocks on Mar 28, 2024, dropping by 80000.0 shares to a total of 1.58 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.66 million shares. There was a decline of -5.06%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.37% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.62.
