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. Danimer Scientific Inc shares valued at $46,915 were purchased by HENDRIX RICHARD J on Nov 28 ’23. At $0.94 per share, HENDRIX RICHARD J acquired 50,000 shares. The insider’s holdings grew to 50,000 shares worth approximately $38000.0 following the completion of this transaction.
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Also, HENDRIX RICHARD J purchased 50,000 shares, netting a total of over 46,480 in proceeds. Following the buying of shares at $0.93 each, the insider now holds 391,324 shares.
Before that, Tuten Scott had sold 10,000 shares from its account. In a trade valued at $27,390, the Chief Marketing Officer traded Danimer Scientific Inc shares for $2.74 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.26 million.
As published in a research note from Jefferies on May 22, 2024, Danimer Scientific Inc [DNMR] has been rated down from a Buy to a Hold and the price target has been revised to $0.80 from $1.30. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of October 12, 2022, Piper Sandler has initiated its “an Overweight” rating for DNMR. Earlier on September 23, 2021, Cowen initiated its rating. Their recommendation was “an Outperform” for DNMR stock.
Analyzing DNMR Stock Performance
During the last five days, there has been a surge of approximately 2.06%. Over the course of the year, Danimer Scientific Inc shares have dropped approximately -25.06%. Shares of the company reached a 52-week high of $1.8400 on 03/07/24 and a 52-week low of $0.6000 on 02/06/24. A 50-day SMA is recorded $0.9362, while a 200-day SMA reached $1.2824. Nevertheless, trading volume fell to 0.59 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Danimer Scientific Inc (DNMR)
According to the 24-hour chart, there is a support level at 0.7428, which, if violated, would cause prices to drop to 0.7212. In the upper region, resistance lies at 0.7932. The next price resistance is at 0.8220. RSI (Relative Strength Index) is 42.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0046, which suggests the price will decrease in the coming days. Percent R is at 74.15%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
