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Insider Selling: McDonald William Everett, Dayforce Inc [DAY] EVP, GC & Corporate Secretary divested 5,995 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dayforce Inc shares valued at $379,364 were sold by McDonald William Everett on May 20 ’24. At $63.28 per share, McDonald William Everett sold 5,995 shares. The insider’s holdings dropped to 73,385 shares worth approximately $3.66 million following the completion of this transaction.

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Also, Armstrong Christopher R sold 60,000 shares, netting a total of over 4,148,139 in proceeds. Following the sale of shares at $69.14 each, the insider now holds 149,319 shares.

Before that, Heuland Noemie Clemence had sold 3,000 shares from its account. In a trade valued at $195,540, the EVP, CFO traded Dayforce Inc shares for $65.18 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $2.91 million.

As published in a research note from BMO Capital Markets on June 11, 2024, Dayforce Inc [DAY] has been retained to an Outperform and the price target has been revised to $75. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of November 07, 2023, UBS has initiated its “Buy” rating for DAY. Earlier on October 23, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for DAY stock.

Analyzing DAY Stock Performance

During the last five days, there has been a drop of approximately -4.74%. Over the course of the year, Dayforce Inc shares have dropped approximately -25.72%. Shares of the company reached a 52-week high of $74.66 on 02/12/24 and a 52-week low of $48.65 on 06/20/24. A 50-day SMA is recorded $57.11, while a 200-day SMA reached $65.52.

Support And Resistance Levels for Dayforce Inc (DAY)

According to the 24-hour chart, there is a support level at 48.84, which, if violated, would cause prices to drop to 47.82. In the upper region, resistance lies at 50.69. The next price resistance is at 51.52. RSI (Relative Strength Index) is 35.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 71.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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