The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dun & Bradstreet Holdings Inc shares valued at $100,900,000 were sold by Cannae Holdings, Inc. on Mar 18 ’24. At $10.09 per share, Cannae Holdings, Inc. sold 10,000,000 shares. The insider’s holdings dropped to 69,048,691 shares worth approximately $661.49 million following the completion of this transaction.
Also, THOMAS H. LEE ADVISORS, LLC sold 13,396,742 shares, netting a total of over 127,429,810 in proceeds. Following the sale of shares at $9.51 each, the insider now holds 22,525,103 shares.
Before that, THOMAS H. LEE ADVISORS, LLC had sold 13,396,742 shares from its account. In a trade valued at $127,429,810, the Director traded Dun & Bradstreet Holdings Inc shares for $9.51 each. Upon closing the transaction, the insider’s holdings decreased to 13,396,742 shares, worth approximately $215.79 million.
As published in a research note from Raymond James on January 05, 2024, Dun & Bradstreet Holdings Inc [DNB] has been rated up from an Outperform to a Strong buy and the price target has been revised to $18. As of February 23, 2023, Deutsche Bank has increased its “Hold” rating to a “Buy” for DNB. Earlier on January 17, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for DNB stock which previously was a “a Neutral”.
Analyzing DNB Stock Performance
During the last five days, there has been a drop of approximately -0.83%. Over the course of the year, Dun & Bradstreet Holdings Inc shares have dropped approximately -18.12%. Shares of the company reached a 52-week high of $12.62 on 01/05/24 and a 52-week low of $9.24 on 03/22/24. A 50-day SMA is recorded $10.42, while a 200-day SMA reached $10.69. Nevertheless, trading volume fell to 3.17 million shares from 4.1 million shares the previous day.
Support And Resistance Levels for Dun & Bradstreet Holdings Inc (DNB)
According to the 24-hour chart, there is a support level at 9.49, which, if violated, would cause prices to drop to 9.41. In the upper region, resistance lies at 9.66. The next price resistance is at 9.74. RSI (Relative Strength Index) is 40.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 64.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Dun & Bradstreet Holdings Inc subject to short interest?
Stocks of Dun & Bradstreet Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.14 million shares to 14.21 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 14.07 million shares. A jump of 0.99% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.03.
