Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dominos Pizza Inc shares valued at $6,200,586 were sold by WEINER RUSSELL J on Apr 29 ’24. At $526.37 per share, WEINER RUSSELL J sold 11,780 shares. The insider’s holdings dropped to 32,001 shares worth approximately $16.53 million following the completion of this transaction.
Also, HEADEN CYNTHIA A sold 745 shares, netting a total of over 395,073 in proceeds. Following the sale of shares at $530.30 each, the insider now holds 3,910 shares.
Before that, HEADEN CYNTHIA A had sold 108 shares from its account. In a trade valued at $53,469, the EVP, Chief Supply Chain Offr traded Dominos Pizza Inc shares for $495.08 each. Upon closing the transaction, the insider’s holdings decreased to 108 shares, worth approximately $2.02 million.
As published in a research note from Argus on February 27, 2024, Dominos Pizza Inc [DPZ] has been rated up from a Hold to a Buy and the price target has been revised to $530. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of January 16, 2024, Gordon Haskett has increased its “Hold” rating to a “Buy” for DPZ. Earlier on January 09, 2024, Bernstein upgraded its rating. Their new recommendation was “a Mkt perform” for DPZ stock which previously was a “an Underperform”.
Analyzing DPZ Stock Performance
During the last five days, there has been a surge of approximately 5.89%. Over the course of the year, Dominos Pizza Inc shares have jumped approximately 25.27%. Shares of the company reached a 52-week high of $542.75 on 04/30/24 and a 52-week low of $395.08 on 01/08/24. A 50-day SMA is recorded $471.85, while a 200-day SMA reached $410.75. Nevertheless, trading volume fell to 0.69 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Dominos Pizza Inc (DPZ)
According to the 24-hour chart, there is a support level at 511.28, which, if violated, would cause prices to drop to 506.15. In the upper region, resistance lies at 525.27. The next price resistance is at 534.13. RSI (Relative Strength Index) is 63.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 30.41, which suggests the price will increase in the coming days. Percent R is at 35.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
