Domo Inc.’s recently made public that its Chief Financial Officer Jolley David R unloaded Company’s shares for reported $0.1 million on Apr 11 ’24. In the deal valued at $8.50 per share,12,000 shares were sold. As a result of this transaction, Jolley David R now holds 215,543 shares worth roughly $1.43 million.
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Then, Thayne Daren sold 22,500 shares, generating $203,292 in total proceeds. Upon selling the shares at $9.04, the CTO & EVP of Product now owns 343,758 shares.
Before that, Thayne Daren sold 2,866 shares. Domo Inc. shares valued at $27,489 were divested by the CTO & EVP of Product at a price of $9.59 per share. As a result of the transaction, Thayne Daren now holds 365,958 shares, worth roughly $2.42 million.
Lake Street downgraded its Domo Inc. [DOMO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late September with a ‘”a Neutral”‘ rating. TD Cowen also remained covering DOMO and has decreased its forecast on August 25, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Morgan Stanley revised its rating on January 20, 2023. It rated DOMO as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of DOMO
On Tuesday, Domo Inc. [NASDAQ:DOMO] saw its stock jump 0.46% to $6.62. Over the last five days, the stock has lost -2.65%. Domo Inc. shares have fallen nearly -35.67% since the year began. Nevertheless, the stocks have fallen -56.87% over the past one year. While a 52-week high of $18.19 was reached on 02/07/24, a 52-week low of $6.11 was recorded on 05/24/24. SMA at 50 days reached $7.32, while 200 days put it at $9.19. A total of 0.42 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For DOMO Stock
The 24-hour chart illustrates a support level at 6.53, which if violated will result in even more drops to 6.43. On the upside, there is a resistance level at 6.76. A further resistance level may holdings at 6.89. The Relative Strength Index (RSI) on the 14-day chart is 39.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.67%. Stochastics %K at 36.82% indicates the stock is a holding.
The most recent change occurred on October 18, 2022 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
