Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Duckhorn Portfolio Inc shares valued at $224,750 were sold by Sullivan Sean B.A. on Apr 09 ’24. At $8.99 per share, Sullivan Sean B.A. sold 25,000 shares. The insider’s holdings dropped to 125,326 shares worth approximately $1.0 million following the completion of this transaction.
Also, Mahlan Deirdre sold 29,681 shares, netting a total of over 273,932 in proceeds. Following the sale of shares at $9.23 each, the insider now holds 104,590 shares.
Before that, Sullivan Sean B.A. had sold 9,700 shares from its account. In a trade valued at $88,583, the insider traded Duckhorn Portfolio Inc shares for $9.13 each. Upon closing the transaction, the insider’s holdings decreased to 9,700 shares, worth approximately $1.23 million.
As published in a research note from Barclays on April 18, 2024, Duckhorn Portfolio Inc [NAPA] has been rated down from an Overweight to an Equal weight and the price target has been revised to $8 from $11. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid February. As of December 07, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for NAPA. Earlier on November 13, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for NAPA stock.
Analyzing NAPA Stock Performance
During the last five days, there has been a surge of approximately 3.25%. Over the course of the year, Duckhorn Portfolio Inc shares have dropped approximately -19.29%. Shares of the company reached a 52-week high of $10.10 on 01/02/24 and a 52-week low of $7.49 on 05/01/24. A 50-day SMA is recorded $8.76, while a 200-day SMA reached $10.10. Nevertheless, trading volume fell to 0.72 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Duckhorn Portfolio Inc (NAPA)
According to the 24-hour chart, there is a support level at 7.88, which, if violated, would cause prices to drop to 7.82. In the upper region, resistance lies at 8.07. The next price resistance is at 8.20. RSI (Relative Strength Index) is 39.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 56.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
