In a filing, Duckhorn Portfolio Inc revealed its insider Sullivan Sean B.A. unloaded Company’s shares for reported $0.22 million on Apr 09 ’24. In the deal valued at $8.99 per share,25,000 shares were sold. As a result of this transaction, Sullivan Sean B.A. now holds 125,326 shares worth roughly $1.04 million.
Then, Mahlan Deirdre sold 29,681 shares, generating $273,932 in total proceeds. Upon selling the shares at $9.23, the insider now owns 104,590 shares.
Before that, Sullivan Sean B.A. sold 9,700 shares. Duckhorn Portfolio Inc shares valued at $88,583 were divested by the insider at a price of $9.13 per share. As a result of the transaction, Sullivan Sean B.A. now holds 154,797 shares, worth roughly $1.28 million.
BofA Securities downgraded its Duckhorn Portfolio Inc [NAPA] rating to an Underperform from a a Neutral in a research note published on February 13, 2024; the price target was decreased to $8 from $11. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Neutral”. Jefferies began covering NAPA with “Buy” recommendation on November 13, 2023. BMO Capital Markets started covering the stock on September 05, 2023. It rated NAPA as “a Market perform”.
Price Performance Review of NAPA
On Tuesday, Duckhorn Portfolio Inc [NYSE:NAPA] saw its stock jump 0.73% to $8.29. Over the last five days, the stock has lost -8.09%. Duckhorn Portfolio Inc shares have fallen nearly -15.84% since the year began. Nevertheless, the stocks have fallen -43.80% over the past one year. While a 52-week high of $15.37 was reached on 01/02/24, a 52-week low of $8.08 was recorded on 04/12/24. SMA at 50 days reached $9.05, while 200 days put it at $10.46. A total of 0.89 million shares were traded, compared to the trading of 1.16 million shares in the previous session.
Levels Of Support And Resistance For NAPA Stock
The 24-hour chart illustrates a support level at 8.16, which if violated will result in even more drops to 8.03. On the upside, there is a resistance level at 8.37. A further resistance level may holdings at 8.46. The Relative Strength Index (RSI) on the 14-day chart is 33.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.46%. Stochastics %K at 13.12% indicates the stock is a buying.
