Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Domo Inc. shares valued at $102,000 were sold by Jolley David R on Apr 11 ’24. At $8.50 per share, Jolley David R sold 12,000 shares. The insider’s holdings dropped to 215,543 shares worth approximately $1.54 million following the completion of this transaction.
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Also, Thayne Daren sold 22,500 shares, netting a total of over 203,292 in proceeds. Following the sale of shares at $9.04 each, the insider now holds 343,758 shares.
Before that, Thayne Daren had sold 2,866 shares from its account. In a trade valued at $27,489, the CTO & EVP of Product traded Domo Inc. shares for $9.59 each. Upon closing the transaction, the insider’s holdings decreased to 2,866 shares, worth approximately $2.61 million.
As published in their initiating research note from DA Davidson on September 22, 2023, Domo Inc. [DOMO] has been a Neutral and the price target has been revised to $10. Analysts at TD Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late August. As of January 20, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for DOMO. Earlier on October 18, 2022, Lake Street initiated its rating. Their recommendation was “a Buy” for DOMO stock.
Analyzing DOMO Stock Performance
During the last five days, there has been a drop of approximately -0.90%. Over the course of the year, Domo Inc. shares have dropped approximately -30.71%. Shares of the company reached a 52-week high of $12.23 on 02/07/24 and a 52-week low of $7.02 on 05/16/24. A 50-day SMA is recorded $8.14, while a 200-day SMA reached $9.89. Nevertheless, trading volume fell to 0.62 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Domo Inc. (DOMO)
According to the 24-hour chart, there is a support level at 7.02, which, if violated, would cause prices to drop to 6.92. In the upper region, resistance lies at 7.30. The next price resistance is at 7.48. RSI (Relative Strength Index) is 35.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 84.51%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
