Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dayforce Inc shares valued at $4,148,139 were sold by Armstrong Christopher R on Mar 22 ’24. At $69.14 per share, Armstrong Christopher R sold 60,000 shares. The insider’s holdings dropped to 149,319 shares worth approximately $9.1 million following the completion of this transaction.
Also, Heuland Noemie Clemence sold 3,000 shares, netting a total of over 195,540 in proceeds. Following the sale of shares at $65.18 each, the insider now holds 58,353 shares.
Before that, Turner Leagh Erin had sold 7,084 shares from its account. In a trade valued at $467,930, the Co-Chief Executive Officer traded Dayforce Inc shares for $66.05 each. Upon closing the transaction, the insider’s holdings decreased to 7,084 shares, worth approximately $14.95 million.
As published in their initiating research note from Stifel on January 10, 2024, Dayforce Inc [DAY] has been a Buy and the price target has been revised to $75. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of October 23, 2023, Goldman has initiated its “Neutral” rating for DAY. Earlier on October 05, 2023, Needham upgraded its rating. Their new recommendation was “a Buy” for DAY stock which previously was a “a Hold”.
Analyzing DAY Stock Performance
During the last five days, there has been a drop of approximately -2.90%. Over the course of the year, Dayforce Inc shares have dropped approximately -9.19%. Shares of the company reached a 52-week high of $74.66 on 02/12/24 and a 52-week low of $57.97 on 04/16/24. A 50-day SMA is recorded $67.13, while a 200-day SMA reached $68.50.
Support And Resistance Levels for Dayforce Inc (DAY)
According to the 24-hour chart, there is a support level at 60.32, which, if violated, would cause prices to drop to 59.70. In the upper region, resistance lies at 61.68. The next price resistance is at 62.42. RSI (Relative Strength Index) is 40.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.01, which suggests the price will decrease in the coming days. Percent R is at 64.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
