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Potential Price Increase for DuPont de Nemours Inc (DD) After Recent Insider Activity

DuPont de Nemours Inc’s recently made public that its Controller Goss Michael G. unloaded Company’s shares for reported $0.1 million on May 09 ’24. In the deal valued at $78.33 per share,1,339 shares were sold. As a result of this transaction, Goss Michael G. now holds 14,012 shares worth roughly $1.11 million.

Then, Weaver Leland sold 18,500 shares, generating $1,450,400 in total proceeds. Upon selling the shares at $78.40, the President, Water & Protection now owns 24,476 shares.

Before that, Goss Michael G. sold 2,354 shares. DuPont de Nemours Inc shares valued at $171,371 were divested by the Controller at a price of $72.80 per share. As a result of the transaction, Goss Michael G. now holds 15,587 shares, worth roughly $1.23 million.

Wolfe Research initiated its DuPont de Nemours Inc [DD] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “an Equal weight”. BMO Capital Markets also remained covering DD and has decreased its forecast on January 24, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on January 16, 2024. It rated DD as “an Underperform” which previously was an “a Buy”.

Price Performance Review of DD

On Monday, DuPont de Nemours Inc [NYSE:DD] saw its stock jump 0.14% to $78.87. Over the last five days, the stock has gained 0.43%. DuPont de Nemours Inc shares have risen nearly 2.52% since the year began. Nevertheless, the stocks have risen 23.50% over the past one year. While a 52-week high of $79.63 was reached on 05/07/24, a 52-week low of $61.14 was recorded on 02/02/24. SMA at 50 days reached $74.88, while 200 days put it at $73.16. A total of 1.2 million shares were traded, compared to the trading of 1.9 million shares in the previous session.

Levels Of Support And Resistance For DD Stock

The 24-hour chart illustrates a support level at 78.62, which if violated will result in even more drops to 78.37. On the upside, there is a resistance level at 79.16. A further resistance level may holdings at 79.45. The Relative Strength Index (RSI) on the 14-day chart is 64.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.54%. Stochastics %K at 88.63% indicates the stock is a selling.

The most recent change occurred on July 19, 2023 when Citigroup resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $75.

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