In a filing, DoorDash Inc revealed its PRESIDENT AND COO Adarkar Prabir unloaded Company’s shares for reported $1.03 million on May 01 ’24. In the deal valued at $128.48 per share,8,000 shares were sold. As a result of this transaction, Adarkar Prabir now holds 910,340 shares worth roughly $107.05 million.
Then, Yandell Keith sold 3,500 shares, generating $448,525 in total proceeds. Upon selling the shares at $128.15, the CHIEF BUSINESS OFFICER now owns 151,752 shares.
Before that, Inukonda Ravi sold 7,000 shares. DoorDash Inc shares valued at $916,654 were divested by the CHIEF FINANCIAL OFFICER at a price of $130.95 per share. As a result of the transaction, Inukonda Ravi now holds 384,425 shares, worth roughly $45.2 million.
Loop Capital initiated its DoorDash Inc [DASH] rating to a Buy in a research note published on April 19, 2024; the price target was $170. A number of analysts have revised their coverage, including MoffettNathanson’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”. The Benchmark Company began covering DASH with “Buy” recommendation on April 04, 2024. Piper Sandler revised its rating on March 15, 2024. It rated DASH as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of DASH
On Monday, DoorDash Inc [NASDAQ:DASH] saw its stock jump 3.32% to $117.59. Over the last five days, the stock has lost -11.00%. DoorDash Inc shares have risen nearly 18.91% since the year began. Nevertheless, the stocks have risen 87.16% over the past one year. While a 52-week high of $143.34 was reached on 03/27/24, a 52-week low of $60.36 was recorded on 01/04/24. SMA at 50 days reached $131.45, while 200 days put it at $101.25. A total of 3.94 million shares were traded, compared to the trading of 22.13 million shares in the previous session.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 114.98, which if violated will result in even more drops to 112.38. On the upside, there is a resistance level at 118.96. A further resistance level may holdings at 120.34. The Relative Strength Index (RSI) on the 14-day chart is 35.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.42%. Stochastics %K at 21.98% indicates the stock is a holding.
