Daktronics Inc.’s recent filing unveils that its Exec Vice President Wiemann Bradley T unloaded Company’s shares for reported $0.21 million on Oct 16 ’23. In the deal valued at $9.36 per share,22,722 shares were sold. As a result of this transaction, Wiemann Bradley T now holds 132,582 shares worth roughly $1.2 million.
Then, Wiemann Bradley T sold 778 shares, generating $7,400 in total proceeds. Upon selling the shares at $9.51, the Exec Vice President now owns 132,582 shares.
Before that, Kurtenbach Matthew John sold 12,250 shares. Daktronics Inc. shares valued at $113,578 were divested by the VP of Manufacturing at a price of $9.27 per share. As a result of the transaction, Kurtenbach Matthew John now holds 208,906 shares, worth roughly $1.89 million.
Sidoti initiated its Daktronics Inc. [DAKT] rating to a Neutral in a research note published on January 24, 2018; the price target was $10. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Neutral”. Needham also remained covering DAKT and has increased its forecast on September 23, 2015 with a “Buy” recommendation from previously “Hold” rating. Griffin Securities maintained its rating on November 20, 2013. It rated DAKT as “a Buy”.
Price Performance Review of DAKT
On Tuesday, Daktronics Inc. [NASDAQ:DAKT] saw its stock jump 1.68% to $9.06. Over the last five days, the stock has lost -8.67%. Daktronics Inc. shares have risen nearly 6.84% since the year began. Nevertheless, the stocks have risen 60.07% over the past one year. While a 52-week high of $12.42 was reached on 04/04/24, a 52-week low of $4.66 was recorded on 02/07/24. SMA at 50 days reached $8.87, while 200 days put it at $8.66. A total of 0.37 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For DAKT Stock
The 24-hour chart illustrates a support level at 8.88, which if violated will result in even more drops to 8.69. On the upside, there is a resistance level at 9.18. A further resistance level may holdings at 9.30. The Relative Strength Index (RSI) on the 14-day chart is 41.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.87%. Stochastics %K at 12.98% indicates the stock is a buying.
