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Insider Sale Alert: Dayforce Inc [DAY] – Is it Time to sell?

Dayforce Inc’s recent filing unveils that its EVP, Chief Operating Officer Armstrong Christopher R unloaded Company’s shares for reported $4.15 million on Mar 22 ’24. In the deal valued at $69.14 per share,60,000 shares were sold. As a result of this transaction, Armstrong Christopher R now holds 149,319 shares worth roughly $9.25 million.

Then, Heuland Noemie Clemence sold 3,000 shares, generating $195,540 in total proceeds. Upon selling the shares at $65.18, the EVP, CFO now owns 58,353 shares.

Before that, Turner Leagh Erin sold 7,084 shares. Dayforce Inc shares valued at $467,930 were divested by the Co-Chief Executive Officer at a price of $66.05 per share. As a result of the transaction, Turner Leagh Erin now holds 245,201 shares, worth roughly $15.2 million.

Stifel initiated its Dayforce Inc [DAY] rating to a Buy in a research note published on January 10, 2024; the price target was $75. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. Goldman began covering DAY with “Neutral” recommendation on October 23, 2023. Needham revised its rating on October 05, 2023. It rated DAY as “a Buy” which previously was an “a Hold”.

Price Performance Review of DAY

On Monday, Dayforce Inc [NYSE:DAY] saw its stock jump 1.64% to $61.98. Over the last five days, the stock has gained 5.14%. Dayforce Inc shares have fallen nearly -7.66% since the year began. Nevertheless, the stocks have fallen -2.90% over the past one year. While a 52-week high of $75.53 was reached on 02/12/24, a 52-week low of $55.62 was recorded on 04/16/24. SMA at 50 days reached $65.53, while 200 days put it at $68.26.

Levels Of Support And Resistance For DAY Stock

The 24-hour chart illustrates a support level at 61.07, which if violated will result in even more drops to 60.15. On the upside, there is a resistance level at 62.87. A further resistance level may holdings at 63.75. The Relative Strength Index (RSI) on the 14-day chart is 48.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.74%. Stochastics %K at 49.80% indicates the stock is a holding.

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