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. Dnow Inc shares valued at $1,681,065 were sold by Cherechinsky David A on May 14 ’24. At $13.57 per share, Cherechinsky David A sold 123,881 shares. The insider’s holdings dropped to 775,559 shares worth approximately $10.93 million following the completion of this transaction.
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Also, Chang Raymond W sold 93,284 shares, netting a total of over 1,260,267 in proceeds. Following the sale of shares at $13.51 each, the insider now holds 283,837 shares.
Before that, Johnson Mark B had sold 47,015 shares from its account. In a trade valued at $634,702, the insider traded Dnow Inc shares for $13.50 each. Upon closing the transaction, the insider’s holdings decreased to 47,015 shares, worth approximately $2.54 million.
As published in their initiating research note from The Benchmark Company on July 08, 2022, Dnow Inc [DNOW] has been a Buy and the price target has been revised to $13. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early November. As of July 16, 2021, Stifel has increased its “Hold” rating to a “Buy” for DNOW. Earlier on February 19, 2021, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for DNOW stock which previously was a “a Neutral”.
Analyzing DNOW Stock Performance
During the last five days, there has been a surge of approximately 0.64%. Over the course of the year, Dnow Inc shares have jumped approximately 24.47%. Shares of the company reached a 52-week high of $15.57 on 04/08/24 and a 52-week low of $9.44 on 02/13/24. A 50-day SMA is recorded $14.60, while a 200-day SMA reached $12.07. Nevertheless, trading volume fell to 0.81 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Dnow Inc (DNOW)
According to the 24-hour chart, there is a support level at 13.84, which, if violated, would cause prices to drop to 13.60. In the upper region, resistance lies at 14.36. The next price resistance is at 14.63. RSI (Relative Strength Index) is 47.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 35.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
