Diodes, Inc.’s recent filing unveils that its CEO LU KEH SHEW unloaded Company’s shares for reported $0.2 million on Feb 29 ’24. In the deal valued at $68.14 per share,3,000 shares were sold. As a result of this transaction, LU KEH SHEW now holds 256,492 shares worth roughly $18.58 million.
Then, Whitmire Brett R sold 3,400 shares, generating $228,823 in total proceeds. Upon selling the shares at $67.30, the CFO now owns 48,265 shares.
Before that, LU KEH SHEW sold 3,000 shares. Diodes, Inc. shares valued at $207,750 were divested by the CEO at a price of $69.25 per share. As a result of the transaction, LU KEH SHEW now holds 259,492 shares, worth roughly $18.79 million.
TD Cowen reiterated its Diodes, Inc. [DIOD] rating to an Outperform in a research note published on February 07, 2024; the price target was $85. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Robert W. Baird also remained covering DIOD and has decreased its forecast on October 31, 2023 with a “Neutral” recommendation from previously “an Outperform” rating.
Price Performance Review of DIOD
On Tuesday, Diodes, Inc. [NASDAQ:DIOD] saw its stock jump 4.37% to $72.42. Over the last five days, the stock has gained 5.71%. Diodes, Inc. shares have fallen nearly -10.06% since the year began. Nevertheless, the stocks have fallen -14.49% over the past one year. While a 52-week high of $97.37 was reached on 01/02/24, a 52-week low of $60.00 was recorded on 03/20/24. SMA at 50 days reached $68.38, while 200 days put it at $75.76. A total of 0.21 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For DIOD Stock
The 24-hour chart illustrates a support level at 70.85, which if violated will result in even more drops to 69.28. On the upside, there is a resistance level at 73.23. A further resistance level may holdings at 74.04. The Relative Strength Index (RSI) on the 14-day chart is 60.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.00%. Stochastics %K at 68.28% indicates the stock is a holding.
How much short interest is there in Diodes, Inc.?
A steep rise in short interest was recorded in Diodes, Inc. stocks on Mar 28, 2024, growing by 20000.0 shares to a total of 1.47 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.45 million shares. There was a rise of 1.36%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.01.
The most recent change occurred on August 06, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $110.
