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A Guide To The Risks Of Investing In Dolphin Entertainment Inc. (DLPN)

Dolphin Entertainment Inc.’s recent filing unveils that its Chief Executive Officer O’Dowd William IV acquired Company’s shares for reported $7680.0 on Dec 05 ’23. In the deal valued at $1.60 per share,4,800 shares were bought. As a result of this transaction, O’Dowd William IV now holds 142,186 shares worth roughly $0.16 million.

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Then, O’Dowd William IV bought 4,000 shares, generating $6,528 in total proceeds. Upon buying the shares at $1.63, the Chief Executive Officer now owns 137,386 shares.

Before that, O’Dowd William IV bought 20,000 shares. Dolphin Entertainment Inc. shares valued at $34,180 were divested by the Chief Executive Officer at a price of $1.71 per share. As a result of the transaction, O’Dowd William IV now holds 133,386 shares, worth roughly $0.15 million.

Maxim Group reiterated its Dolphin Entertainment Inc. [DLPN] rating to a Buy in a research note published on August 02, 2021; the price target was $28.

Price Performance Review of DLPN

On Tuesday, Dolphin Entertainment Inc. [NASDAQ:DLPN] saw its stock fall -3.02% to $1.12. Over the last five days, the stock has gained 2.27%. Dolphin Entertainment Inc. shares have fallen nearly -34.21% since the year began. Nevertheless, the stocks have fallen -48.15% over the past one year. While a 52-week high of $2.48 was reached on 01/02/24, a 52-week low of $0.95 was recorded on 02/16/24. SMA at 50 days reached $1.2535, while 200 days put it at $1.5470. A total of 0.38 million shares were traded, compared to the trading of 58400.0 shares in the previous session.

Levels Of Support And Resistance For DLPN Stock

The 24-hour chart illustrates a support level at 1.0733, which if violated will result in even more drops to 1.0217. On the upside, there is a resistance level at 1.2033. A further resistance level may holdings at 1.2817. The Relative Strength Index (RSI) on the 14-day chart is 41.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0493, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.13%. Stochastics %K at 15.22% indicates the stock is a buying.

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