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 $17,663,909 were sold by Xu Tony on Apr 16 ’24. At $133.51 per share, Xu Tony sold 132,300 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Fang Andy sold 66,195 shares, netting a total of over 9,196,587 in proceeds. Following the sale of shares at $138.93 each, the insider now holds 36,482 shares.
Before that, Fang Andy had sold 66,195 shares from its account. In a trade valued at $9,221,472, the Director traded DoorDash Inc shares for $139.31 each. Upon closing the transaction, the insider’s holdings decreased to 66,195 shares, worth approximately $4.75 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 drop of approximately -7.70%. Over the course of the year, DoorDash Inc shares have jumped approximately 31.56%. 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 $129.79, while a 200-day SMA reached $98.61. Nevertheless, trading volume fell to 2.71 million shares from 1.89 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 128.85, which, if violated, would cause prices to drop to 127.60. In the upper region, resistance lies at 132.18. The next price resistance is at 134.26. RSI (Relative Strength Index) is 43.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.61, which suggests the price will decrease in the coming days. Percent R is at 96.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
