Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DoorDash Inc shares valued at $99,120 were sold by Brown Shona L on Apr 04 ’24. At $141.60 per share, Brown Shona L sold 700 shares. The insider’s holdings dropped to 70,111 shares worth approximately $9.88 million following the completion of this transaction.
Also, Fang Andy sold 67,000 shares, netting a total of over 9,269,921 in proceeds. Following the sale of shares at $138.36 each, the insider now holds 36,482 shares.
Before that, Adarkar Prabir had sold 8,000 shares from its account. In a trade valued at $1,103,280, the PRESIDENT AND COO traded DoorDash Inc shares for $137.91 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $128.31 million.
As published in a research note from MoffettNathanson on April 11, 2024, DoorDash Inc [DASH] has been rated up from a Neutral to a Buy and the price target has been revised to $164 from $118. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of March 15, 2024, Piper Sandler has increased its “an Underweight” rating to a “Neutral” for DASH. Earlier on March 04, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for DASH stock which previously was a “a Sector perform”.
Analyzing DASH Stock Performance
During the last five days, there has been a surge of approximately 4.71%. Over the course of the year, DoorDash Inc shares have jumped approximately 42.53%. Shares of the company reached a 52-week high of $143.34 on 03/27/24 and a 52-week low of $93.33 on 01/04/24. A 50-day SMA is recorded $127.30, while a 200-day SMA reached $97.19. Nevertheless, trading volume fell to 2.56 million shares from 2.55 million shares the previous day.
Support And Resistance Levels for DoorDash Inc (DASH)
According to the 24-hour chart, there is a support level at 139.14, which, if violated, would cause prices to drop to 137.34. In the upper region, resistance lies at 141.97. The next price resistance is at 143.00. RSI (Relative Strength Index) is 62.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 21.65%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is DoorDash Inc subject to short interest?
Stocks of DoorDash Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.37 million shares to 11.3 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 12.67 million shares. A decline of -12.12% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.26 of the overall float, the days-to-cover ratio (short ratio) decline to 2.26.
