Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dow Inc shares valued at $255,437 were purchased by DAVIS RICHARD K on Nov 16 ’23. At $51.09 per share, DAVIS RICHARD K acquired 5,000 shares. The insider’s holdings grew to 33,665 shares worth approximately $1.98 million following the completion of this transaction.
Also, Dial Debra L. purchased 400 shares, netting a total of over 21,668 in proceeds. Following the buying of shares at $54.17 each, the insider now holds 2,025 shares.
As published in their initiating research note from Wolfe Research on March 01, 2024, Dow Inc [DOW] has been a Peer perform. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of January 10, 2024, Deutsche Bank has decreased its “Buy” rating to a “Hold” for DOW. Earlier on October 27, 2023, Argus downgraded its rating. Their new recommendation was “a Hold” for DOW stock which previously was a “a Buy”.
Analyzing DOW Stock Performance
During the last five days, there has been a drop of approximately -1.90%. Over the course of the year, Dow Inc shares have jumped approximately 7.31%. Shares of the company reached a 52-week high of $60.69 on 04/04/24 and a 52-week low of $52.04 on 01/17/24. A 50-day SMA is recorded $56.47, while a 200-day SMA reached $53.56. Nevertheless, trading volume fell to 4.25 million shares from 3.78 million shares the previous day.
Support And Resistance Levels for Dow Inc (DOW)
According to the 24-hour chart, there is a support level at 58.27, which, if violated, would cause prices to drop to 57.68. In the upper region, resistance lies at 59.54. The next price resistance is at 60.22. RSI (Relative Strength Index) is 56.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.74, which suggests the price will decrease in the coming days. Percent R is at 50.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Dow Inc subject to short interest?
Stocks of Dow Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.54 million shares to 14.24 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 12.7 million shares. A jump of 10.81% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.45.
