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. DuPont de Nemours Inc shares valued at $1,450,400 were sold by Weaver Leland on May 06 ’24. At $78.40 per share, Weaver Leland sold 18,500 shares. The insider’s holdings dropped to 24,476 shares worth approximately $1.93 million following the completion of this transaction.
Also, Goss Michael G. sold 2,354 shares, netting a total of over 171,371 in proceeds. Following the sale of shares at $72.80 each, the insider now holds 15,587 shares.
Before that, Larrabee Steven P. had sold 3,700 shares from its account. In a trade valued at $261,109, the SVP & CIO traded DuPont de Nemours Inc shares for $70.57 each. Upon closing the transaction, the insider’s holdings decreased to 3,700 shares, worth approximately $2.32 million.
As published in their initiating research note from Wolfe Research on March 01, 2024, DuPont de Nemours Inc [DD] has been a Peer perform. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late January. As of January 24, 2024, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for DD. Earlier on January 16, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for DD stock which previously was a “a Buy”.
Analyzing DD Stock Performance
During the last five days, there has been a surge of approximately 1.35%. Over the course of the year, DuPont de Nemours Inc shares have jumped approximately 2.43%. Shares of the company reached a 52-week high of $79.63 on 05/07/24 and a 52-week low of $61.14 on 02/02/24. A 50-day SMA is recorded $74.50, while a 200-day SMA reached $73.14. Nevertheless, trading volume fell to 2.62 million shares from 1.89 million shares the previous day.
Support And Resistance Levels for DuPont de Nemours Inc (DD)
According to the 24-hour chart, there is a support level at 78.22, which, if violated, would cause prices to drop to 77.65. In the upper region, resistance lies at 79.13. The next price resistance is at 79.47. RSI (Relative Strength Index) is 63.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.78, which suggests the price will increase in the coming days. Percent R is at 11.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
