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DENN Stock Sees Decline of Approximately -4.06% in Last Five Days

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. Denny’s Corp. shares valued at $326,915 were sold by MILLER JOHN C on Feb 26 ’24. At $9.25 per share, MILLER JOHN C sold 35,359 shares. The insider’s holdings dropped to 740,626 shares worth approximately $5.95 million following the completion of this transaction.

Also, MILLER JOHN C sold 22,600 shares, netting a total of over 211,640 in proceeds. Following the sale of shares at $9.36 each, the insider now holds 740,626 shares.

Before that, MILLER JOHN C had sold 114,900 shares from its account. In a trade valued at $1,061,056, the Director traded Denny’s Corp. shares for $9.23 each. Upon closing the transaction, the insider’s holdings decreased to 114,900 shares, worth approximately $6.14 million.

As published in their initiating research note from Piper Sandler on July 18, 2023, Denny’s Corp. [DENN] has been a Neutral and the price target has been revised to $12. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late December. As of August 29, 2022, CL King has initiated its “Buy” rating for DENN. Earlier on August 23, 2022, Wedbush upgraded its rating. Their new recommendation was “an Outperform” for DENN stock which previously was a “a Neutral”.

Analyzing DENN Stock Performance

During the last five days, there has been a drop of approximately -4.06%. Over the course of the year, Denny’s Corp. shares have dropped approximately -26.10%. Shares of the company reached a 52-week high of $11.16 on 01/29/24 and a 52-week low of $7.82 on 05/01/24. A 50-day SMA is recorded $8.74, while a 200-day SMA reached $9.53. Nevertheless, trading volume fell to 1.01 million shares from 0.48 million shares the previous day.

Support And Resistance Levels for Denny’s Corp. (DENN)

According to the 24-hour chart, there is a support level at 7.87, which, if violated, would cause prices to drop to 7.69. In the upper region, resistance lies at 8.17. The next price resistance is at 8.30. RSI (Relative Strength Index) is 36.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 70.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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