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. DT Midstream Inc shares valued at $25,118 were purchased by Jewell Jeffrey A on May 03 ’24. At $62.80 per share, Jewell Jeffrey A acquired 400 shares. The insider’s holdings grew to 44,285 shares worth approximately $2.84 million following the completion of this transaction.
Also, Archon Angela N purchased 500 shares, netting a total of over 28,935 in proceeds. Following the buying of shares at $57.87 each, the insider now holds 500 shares.
Before that, SKAGGS ROBERT C JR had added 1,000 shares to its account. In a trade valued at $56,870, the Director bought DT Midstream Inc shares for $56.87 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $2.39 million.
As published in a research note from Wolfe Research on February 20, 2024, DT Midstream Inc [DTM] has been rated up from an Underperform to a Peer perform. Analysts at Wolfe Research downgraded the stock from ‘”a Peer perform”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of January 05, 2024, Mizuho has decreased its “Buy” rating to a “Neutral” for DTM. Earlier on December 01, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for DTM stock which previously was a “an Overweight”.
Analyzing DTM Stock Performance
During the last five days, there has been a surge of approximately 4.04%. Over the course of the year, DT Midstream Inc shares have jumped approximately 17.01%. Shares of the company reached a 52-week high of $64.70 on 05/08/24 and a 52-week low of $51.17 on 02/14/24. A 50-day SMA is recorded $61.03, while a 200-day SMA reached $55.72. Nevertheless, trading volume fell to 0.66 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for DT Midstream Inc (DTM)
According to the 24-hour chart, there is a support level at 63.73, which, if violated, would cause prices to drop to 63.33. In the upper region, resistance lies at 64.61. The next price resistance is at 65.09. RSI (Relative Strength Index) is 61.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.61, which suggests the price will decrease in the coming days. Percent R is at 15.70%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
