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. DoorDash Inc shares valued at $1,296,810 were sold by Sherringham Tia on May 23 ’24. At $110.46 per share, Sherringham Tia sold 11,740 shares. The insider’s holdings dropped to 183,512 shares worth approximately $20.51 million following the completion of this transaction.
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Also, Adarkar Prabir sold 19,823 shares, netting a total of over 2,254,556 in proceeds. Following the sale of shares at $113.73 each, the insider now holds 1,002,787 shares.
Before that, Sherringham Tia had sold 12,903 shares from its account. In a trade valued at $1,467,471, the GENERAL COUNSEL AND SECRETARY traded DoorDash Inc shares for $113.73 each. Upon closing the transaction, the insider’s holdings decreased to 12,903 shares, worth approximately $21.82 million.
As published in their initiating research note from Loop Capital on April 19, 2024, DoorDash Inc [DASH] has been a Buy and the price target has been revised to $170. Analysts at MoffettNathanson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of April 04, 2024, The Benchmark Company has initiated its “Buy” rating for DASH. Earlier on March 15, 2024, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for DASH stock which previously was a “an Underweight”.
Analyzing DASH Stock Performance
During the last five days, there has been a drop of approximately -0.96%. Over the course of the year, DoorDash Inc shares have jumped approximately 12.99%. Shares of the company reached a 52-week high of $143.34 on 03/27/24 and a 52-week low of $93.33 on 01/04/24. A 50-day SMA is recorded $126.73, while a 200-day SMA reached $103.57. Nevertheless, trading volume fell to 4.7 million shares from 2.85 million shares the previous day.
Support And Resistance Levels for DoorDash Inc (DASH)
According to the 24-hour chart, there is a support level at 110.77, which, if violated, would cause prices to drop to 109.79. In the upper region, resistance lies at 113.06. The next price resistance is at 114.38. RSI (Relative Strength Index) is 37.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.80, which suggests the price will decrease in the coming days. Percent R is at 72.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
