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Dominos Pizza Inc (DPZ) receives a Buy rating from Argus

In a filing, Dominos Pizza Inc revealed its EVP, Chief Supply Chain Offr HEADEN CYNTHIA A unloaded Company’s shares for reported $53469.0 on Apr 02 ’24. In the deal valued at $495.08 per share,108 shares were sold. As a result of this transaction, HEADEN CYNTHIA A now holds 3,910 shares worth roughly $ 1.85 million.

Then, HEADEN CYNTHIA A sold 768 shares, generating $346,768 in total proceeds. Upon selling the shares at $451.52, the EVP, Chief Supply Chain Offr now owns 4,103 shares.

Before that, MORRIS KEVIN SCOTT sold 517 shares. Dominos Pizza Inc shares valued at $234,405 were divested by the EVP, Gen’l Counsel, Secretary at a price of $453.39 per share. As a result of the transaction, MORRIS KEVIN SCOTT now holds 4,937 shares, worth roughly $2.34 million.

Argus upgraded its Dominos Pizza Inc [DPZ] rating to a Buy from a Hold in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late February from “an Overweight” to “a Neutral”. Gordon Haskett also remained covering DPZ and has increased its forecast on January 16, 2024 with a “Buy” recommendation from previously “Hold” rating. Bernstein revised its rating on January 09, 2024. It rated DPZ as “a Mkt perform” which previously was an “an Underperform”.

Price Performance Review of DPZ

On Friday, Dominos Pizza Inc [NYSE:DPZ] saw its stock fall -1.68% to $473.55. Over the last five days, the stock has lost -4.39%. Dominos Pizza Inc shares have risen nearly 14.88% since the year began. Nevertheless, the stocks have risen 45.41% over the past one year. While a 52-week high of $508.44 was reached on 04/03/24, a 52-week low of $285.84 was recorded on 01/08/24. SMA at 50 days reached $459.49, while 200 days put it at $405.33. A total of 0.59 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For DPZ Stock

The 24-hour chart illustrates a support level at 467.92, which if violated will result in even more drops to 462.29. On the upside, there is a resistance level at 481.25. A further resistance level may holdings at 488.95. The Relative Strength Index (RSI) on the 14-day chart is 46.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.74%. Stochastics %K at 9.36% indicates the stock is a buying.

The most recent change occurred on December 20, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $466 price target.

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