Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Doximity Inc shares valued at $68,050 were sold by Wampler Kira Scherer on May 17 ’24. At $27.22 per share, Wampler Kira Scherer sold 2,500 shares. The insider’s holdings dropped to 10,258 shares worth approximately $0.28 million following the completion of this transaction.
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Also, Overpeck Craig sold 1,500 shares, netting a total of over 35,775 in proceeds. Following the sale of shares at $23.85 each, the insider now holds 108,609 shares.
Before that, Wampler Kira Scherer had sold 2,500 shares from its account. In a trade valued at $67,425, the Director traded Doximity Inc shares for $26.97 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $0.28 million.
As published in a research note from JP Morgan on April 25, 2024, Doximity Inc [DOCS] has been rated up from an Underweight to a Neutral and the price target has been revised to $25. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of January 03, 2024, Barclays has initiated its “an Equal weight” rating for DOCS. Earlier on January 02, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for DOCS stock which previously was a “an Underperform”.
Analyzing DOCS Stock Performance
During the last five days, there has been a surge of approximately 15.46%. Over the course of the year, Doximity Inc shares have dropped approximately -2.25%. Shares of the company reached a 52-week high of $31.86 on 01/23/24 and a 52-week low of $22.96 on 05/13/24. A 50-day SMA is recorded $25.70, while a 200-day SMA reached $25.20. Nevertheless, trading volume fell to 1.63 million shares from 2.25 million shares the previous day.
Support And Resistance Levels for Doximity Inc (DOCS)
According to the 24-hour chart, there is a support level at 27.07, which, if violated, would cause prices to drop to 26.74. In the upper region, resistance lies at 27.91. The next price resistance is at 28.42. RSI (Relative Strength Index) is 61.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.53, which suggests the price will increase in the coming days. Percent R is at 35.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
