The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Doximity Inc shares valued at $67,425 were sold by Wampler Kira Scherer on Apr 01 ’24. At $26.97 per share, Wampler Kira Scherer sold 2,500 shares. The insider’s holdings dropped to 10,258 shares worth approximately $0.25 million following the completion of this transaction.
Also, Wampler Kira Scherer sold 2,500 shares, netting a total of over 69,700 in proceeds. Following the sale of shares at $27.88 each, the insider now holds 10,258 shares.
Before that, Overpeck Craig had sold 1,500 shares from its account. In a trade valued at $45,030, the insider traded Doximity Inc shares for $30.02 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $2.7 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, Doximity Inc [DOCS] has been a Market perform and the price target has been revised to $32. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early January. As of January 02, 2024, BofA Securities has increased its “an Underperform” rating to a “Neutral” for DOCS. Earlier on August 09, 2023, Needham downgraded its rating. Their new recommendation was “a Hold” for DOCS stock which previously was a “a Buy”.
Analyzing DOCS Stock Performance
During the last five days, there has been a drop of approximately -5.08%. Over the course of the year, Doximity Inc shares have dropped approximately -14.73%. Shares of the company reached a 52-week high of $31.86 on 01/23/24 and a 52-week low of $23.81 on 04/24/24. A 50-day SMA is recorded $27.24, while a 200-day SMA reached $26.21. Nevertheless, trading volume fell to 1.8 million shares from 1.36 million shares the previous day.
Support And Resistance Levels for Doximity Inc (DOCS)
According to the 24-hour chart, there is a support level at 23.53, which, if violated, would cause prices to drop to 23.16. In the upper region, resistance lies at 24.56. The next price resistance is at 25.22. RSI (Relative Strength Index) is 27.89 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 96.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
