In a filing, Ducommun Inc. revealed its S.V.P., Elec. & Struc. Systems Redondo Jerry L unloaded Company’s shares for reported $81551.0 on Dec 06 ’23. In the deal valued at $52.31 per share,1,559 shares were sold. As a result of this transaction, Redondo Jerry L now holds 59,064 shares worth roughly $3.36 million.
Then, Redondo Jerry L sold 1,538 shares, generating $73,117 in total proceeds. Upon selling the shares at $47.54, the S.V.P., Elec. & Struc. Systems now owns 60,623 shares.
Goldman initiated its Ducommun Inc. [DCO] rating to a Neutral in a research note published on August 14, 2023; the price target was $52. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. RBC Capital Mkts began covering DCO with “an Outperform” recommendation on October 22, 2021. Truist revised its rating on January 11, 2021. It rated DCO as “a Buy” which previously was an “a Hold”.
Price Performance Review of DCO
On Tuesday, Ducommun Inc. [NYSE:DCO] saw its stock jump 1.70% to $56.81. Over the last five days, the stock has gained 17.21%. Ducommun Inc. shares have risen nearly 9.12% since the year began. Nevertheless, the stocks have risen 8.83% over the past one year. While a 52-week high of $57.74 was reached on 04/09/24, a 52-week low of $40.24 was recorded on 03/01/24. SMA at 50 days reached $49.82, while 200 days put it at $47.98. A total of 0.31 million shares were traded, compared to the trading of 51600.0 shares in the previous session.
Levels Of Support And Resistance For DCO Stock
The 24-hour chart illustrates a support level at 55.76, which if violated will result in even more drops to 54.72. On the upside, there is a resistance level at 58.02. A further resistance level may holdings at 59.24. The Relative Strength Index (RSI) on the 14-day chart is 73.36, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.83%. Stochastics %K at 59.16% indicates the stock is a holding.
How much short interest is there in Ducommun Inc.?
A steep rise in short interest was recorded in Ducommun Inc. stocks on Mar 28, 2024, growing by 85130.0 shares to a total of 0.22 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.13 million shares. There was a rise of 39.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.81% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.62.
The most recent change occurred on May 21, 2020 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $41 price target.
