Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DuPont de Nemours Inc shares valued at $171,371 were sold by Goss Michael G. on Mar 13 ’24. At $72.80 per share, Goss Michael G. sold 2,354 shares. The insider’s holdings dropped to 15,587 shares worth approximately $1.15 million following the completion of this transaction.
Also, Larrabee Steven P. sold 3,700 shares, netting a total of over 261,109 in proceeds. Following the sale of shares at $70.57 each, the insider now holds 29,418 shares.
Before that, Ratnakar Raj had sold 50,633 shares from its account. In a trade valued at $3,920,007, the SVP & Chief Strategy Officer traded DuPont de Nemours Inc shares for $77.42 each. Upon closing the transaction, the insider’s holdings decreased to 50,633 shares, worth approximately $2.33 million.
As published in their initiating research note from Wolfe Research on March 01, 2024, DuPont de Nemours Inc [DD] has been a Peer perform. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late January. As of January 24, 2024, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for DD. Earlier on January 16, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for DD stock which previously was a “a Buy”.
Analyzing DD Stock Performance
During the last five days, there has been a drop of approximately -3.55%. Over the course of the year, DuPont de Nemours Inc shares have dropped approximately -4.42%. Shares of the company reached a 52-week high of $77.94 on 04/04/24 and a 52-week low of $61.14 on 02/02/24. A 50-day SMA is recorded $72.29, while a 200-day SMA reached $72.93. Nevertheless, trading volume fell to 1.89 million shares from 2.31 million shares the previous day.
Support And Resistance Levels for DuPont de Nemours Inc (DD)
According to the 24-hour chart, there is a support level at 73.08, which, if violated, would cause prices to drop to 72.64. In the upper region, resistance lies at 73.88. The next price resistance is at 74.24. RSI (Relative Strength Index) is 46.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.28, which suggests the price will decrease in the coming days. Percent R is at 79.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
