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. Krispy Kreme Inc shares valued at $1,282,090 were sold by Tattersfield Michael J. on Mar 11 ’24. At $12.82 per share, Tattersfield Michael J. sold 100,000 shares. The insider’s holdings dropped to 2,936,940 shares worth approximately $43.85 million following the completion of this transaction.
As published in a research note from Piper Sandler on April 05, 2024, Krispy Kreme Inc [DNUT] has been rated up from a Neutral to an Overweight and the price target has been revised to $20 from $14. Analysts at CapitalOne started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late January. As of November 20, 2023, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for DNUT. Earlier on October 30, 2023, Truist downgraded its rating. Their new recommendation was “a Hold” for DNUT stock which previously was a “a Buy”.
Analyzing DNUT Stock Performance
During the last five days, there has been a surge of approximately 2.05%. Over the course of the year, Krispy Kreme Inc shares have dropped approximately -1.06%. Shares of the company reached a 52-week high of $17.84 on 03/26/24 and a 52-week low of $11.52 on 03/14/24. A 50-day SMA is recorded $13.34, while a 200-day SMA reached $13.59. Nevertheless, trading volume fell to 3.59 million shares from 8.69 million shares the previous day.
Support And Resistance Levels for Krispy Kreme Inc (DNUT)
According to the 24-hour chart, there is a support level at 14.38, which, if violated, would cause prices to drop to 13.84. In the upper region, resistance lies at 15.24. The next price resistance is at 15.56. RSI (Relative Strength Index) is 57.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 50.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Krispy Kreme Inc subject to short interest?
Stocks of Krispy Kreme Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 80000.0 shares to 12.61 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 12.53 million shares. A jump of 0.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 14.67 of the overall float, the days-to-cover ratio (short ratio) jumped to 14.67.
