In a filing, DoorDash Inc revealed its Director Fang Andy unloaded Company’s shares for reported $9.2 million on Apr 12 ’24. In the deal valued at $138.93 per share,66,195 shares were sold. As a result of this transaction, Fang Andy now holds 36,482 shares worth roughly $4.85 million.
Then, Fang Andy sold 66,195 shares, generating $9,221,472 in total proceeds. Upon selling the shares at $139.31, the Director now owns 36,482 shares.
Before that, Brown Shona L sold 700 shares. DoorDash Inc shares valued at $99,120 were divested by the Director at a price of $141.60 per share. As a result of the transaction, Brown Shona L now holds 70,111 shares, worth roughly $9.32 million.
MoffettNathanson upgraded its DoorDash Inc [DASH] rating to a Buy from a a Neutral in a research note published on April 11, 2024; the price target was increased to $164 from $118. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Piper Sandler also remained covering DASH and has increased its forecast on March 15, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. RBC Capital Mkts revised its rating on March 04, 2024. It rated DASH as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of DASH
On Monday, DoorDash Inc [NASDAQ:DASH] saw its stock fall -3.96% to $132.90. Over the last five days, the stock has lost -3.30%. DoorDash Inc shares have risen nearly 34.39% since the year began. Nevertheless, the stocks have risen 116.27% over the past one year. While a 52-week high of $143.34 was reached on 03/27/24, a 52-week low of $56.59 was recorded on 01/04/24. SMA at 50 days reached $128.50, while 200 days put it at $97.79. A total of 2.77 million shares were traded, compared to the trading of 2.0 million shares in the previous session.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 129.75, which if violated will result in even more drops to 126.60. On the upside, there is a resistance level at 138.21. A further resistance level may holdings at 143.52. The Relative Strength Index (RSI) on the 14-day chart is 47.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.34%. Stochastics %K at 47.36% indicates the stock is a holding.
