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. Dow Inc shares valued at $255,437 were purchased by DAVIS RICHARD K on Nov 16 ’23. At $51.09 per share, DAVIS RICHARD K acquired 5,000 shares. The insider’s holdings grew to 33,665 shares worth approximately $1.93 million following the completion of this transaction.
As published in a research note from JP Morgan on April 26, 2024, Dow Inc [DOW] has been rated up from a Neutral to an Overweight and the price target has been revised to $61 from $55. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in early March. As of January 16, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for DOW. Earlier on January 10, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for DOW stock which previously was a “a Buy”.
Analyzing DOW Stock Performance
During the last five days, there has been a surge of approximately 0.44%. Over the course of the year, Dow Inc shares have jumped approximately 4.36%. Shares of the company reached a 52-week high of $60.69 on 04/04/24 and a 52-week low of $52.04 on 01/17/24. A 50-day SMA is recorded $57.38, while a 200-day SMA reached $53.85. Nevertheless, trading volume fell to 5.1 million shares from 5.57 million shares the previous day.
Support And Resistance Levels for Dow Inc (DOW)
According to the 24-hour chart, there is a support level at 56.46, which, if violated, would cause prices to drop to 55.68. In the upper region, resistance lies at 57.98. The next price resistance is at 58.72. RSI (Relative Strength Index) is 48.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 39.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
