Dolby Laboratories Inc’s recently made public that its President and CEO YEAMAN KEVIN J acquired Company’s shares for reported $200.0 on Jun 17 ’24. In the deal valued at $78.15 per share,3 shares were bought. As a result of this transaction, YEAMAN KEVIN J now holds 3 shares worth roughly $235.5.
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Then, SHERMAN MARK ANDREW sold 2,283 shares, generating $181,772 in total proceeds. Upon selling the shares at $79.62, the EVP, Gen. Counsel & Secretary now owns 58,325 shares.
Before that, Rollins Emily sold 1,000 shares. Dolby Laboratories Inc shares valued at $80,880 were divested by the Director at a price of $80.88 per share. As a result of the transaction, Rollins Emily now holds 7,493 shares, worth roughly $0.59 million.
Barrington Research upgraded its Dolby Laboratories Inc [DLB] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Barrington Research’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Mkt perform”. Rosenblatt began covering DLB with “Buy” recommendation on May 24, 2022. Barrington Research revised its rating on August 02, 2021. It rated DLB as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of DLB
On Tuesday, Dolby Laboratories Inc [NYSE:DLB] saw its stock fall -2.03% to $78.50. Over the last five days, the stock has lost -0.60%. Dolby Laboratories Inc shares have fallen nearly -8.91% since the year began. Nevertheless, the stocks have fallen -3.00% over the past one year. While a 52-week high of $91.01 was reached on 01/24/24, a 52-week low of $75.87 was recorded on 06/14/24. SMA at 50 days reached $80.13, while 200 days put it at $82.43. A total of 0.33 million shares were traded, compared to the trading of 0.81 million shares in the previous session.
Levels Of Support And Resistance For DLB Stock
The 24-hour chart illustrates a support level at 77.92, which if violated will result in even more drops to 77.34. On the upside, there is a resistance level at 79.65. A further resistance level may holdings at 80.80. The Relative Strength Index (RSI) on the 14-day chart is 42.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.83%. Stochastics %K at 57.92% indicates the stock is a holding.
The most recent change occurred on August 04, 2020 when B. Riley FBR resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $73.
