Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Leonardo DRS Inc. shares valued at $353,187,540 were sold by Leonardo S.p.a on Nov 21 ’23. At $17.06 per share, Leonardo S.p.a sold 20,700,000 shares. The insider’s holdings dropped to 189,745,073 shares worth approximately $4.03 billion following the completion of this transaction.
As published in their initiating research note from JP Morgan on February 26, 2024, Leonardo DRS Inc. [DRS] has been a Neutral and the price target has been revised to $23. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of June 09, 2023, Truist has initiated its “Buy” rating for DRS. Earlier on April 04, 2023, CJS Securities initiated its rating. Their recommendation was “a Market outperform” for DRS stock.
Analyzing DRS Stock Performance
During the last five days, there has been a surge of approximately 1.43%. Over the course of the year, Leonardo DRS Inc. shares have jumped approximately 6.04%. Shares of the company reached a 52-week high of $24.00 on 03/08/24 and a 52-week low of $18.60 on 01/08/24. A 50-day SMA is recorded $21.56, while a 200-day SMA reached $18.98. Nevertheless, trading volume fell to 0.94 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Leonardo DRS Inc. (DRS)
According to the 24-hour chart, there is a support level at 20.91, which, if violated, would cause prices to drop to 20.56. In the upper region, resistance lies at 21.86. The next price resistance is at 22.46. RSI (Relative Strength Index) is 48.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 54.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
