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. DuPont de Nemours Inc shares valued at $104,884 were sold by Goss Michael G. on May 09 ’24. At $78.33 per share, Goss Michael G. sold 1,339 shares. The insider’s holdings dropped to 14,012 shares worth approximately $1.11 million following the completion of this transaction.
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Also, Weaver Leland sold 18,500 shares, netting a total of over 1,450,400 in proceeds. Following the sale of shares at $78.40 each, the insider now holds 24,476 shares.
Before that, Goss Michael G. had sold 2,354 shares from its account. In a trade valued at $171,371, the Controller traded DuPont de Nemours Inc shares for $72.80 each. Upon closing the transaction, the insider’s holdings decreased to 2,354 shares, worth approximately $1.23 million.
As published in a research note from BMO Capital Markets on May 23, 2024, DuPont de Nemours Inc [DD] has been rated up from a Market perform to an Outperform and the price target has been revised to $96. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of March 01, 2024, Wolfe Research has initiated its “Peer perform” rating for DD. Earlier on January 24, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for DD stock which previously was a “an Overweight”.
Analyzing DD Stock Performance
During the last five days, there has been a surge of approximately 1.75%. Over the course of the year, DuPont de Nemours Inc shares have jumped approximately 2.60%. Shares of the company reached a 52-week high of $80.46 on 05/23/24 and a 52-week low of $61.14 on 02/02/24. A 50-day SMA is recorded $76.11, while a 200-day SMA reached $73.22. Nevertheless, trading volume fell to 11.01 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for DuPont de Nemours Inc (DD)
According to the 24-hour chart, there is a support level at 77.34, which, if violated, would cause prices to drop to 75.75. In the upper region, resistance lies at 80.49. The next price resistance is at 82.05. RSI (Relative Strength Index) is 58.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 48.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
