Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DoubleVerify Holdings Inc shares valued at $163,289 were sold by Allais Nicola T on Apr 24 ’24. At $30.86 per share, Allais Nicola T sold 5,292 shares. The insider’s holdings dropped to 73,030 shares worth approximately $1.37 million following the completion of this transaction.
Also, Allais Nicola T sold 5,292 shares, netting a total of over 157,110 in proceeds. Following the sale of shares at $29.69 each, the insider now holds 73,030 shares.
Before that, Eddleman Julie had sold 900 shares from its account. In a trade valued at $27,765, the Global Chief Comm. Officer traded DoubleVerify Holdings Inc shares for $30.85 each. Upon closing the transaction, the insider’s holdings decreased to 900 shares, worth approximately $2.63 million.
As published in a research note from KeyBanc Capital Markets on May 08, 2024, DoubleVerify Holdings Inc [DV] has been rated down from an Overweight to a Sector weight. Analysts at Macquarie upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of January 11, 2024, BofA Securities has initiated its “Buy” rating for DV. Earlier on January 09, 2024, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for DV stock.
Analyzing DV Stock Performance
During the last five days, there has been a drop of approximately -36.81%. Over the course of the year, DoubleVerify Holdings Inc shares have dropped approximately -48.94%. Shares of the company reached a 52-week high of $43.00 on 02/26/24 and a 52-week low of $17.74 on 05/08/24. A 50-day SMA is recorded $31.73, while a 200-day SMA reached $33.26. Nevertheless, trading volume fell to 20.28 million shares from 1.25 million shares the previous day.
Support And Resistance Levels for DoubleVerify Holdings Inc (DV)
According to the 24-hour chart, there is a support level at 18.01, which, if violated, would cause prices to drop to 17.23. In the upper region, resistance lies at 19.29. The next price resistance is at 19.80. RSI (Relative Strength Index) is 16.29 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.59, which suggests the price will decrease in the coming days. Percent R is at 92.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
