In a filing, DoorDash Inc revealed its Director Brown Shona L unloaded Company’s shares for reported $0.19 million on Jun 25 ’24. In the deal valued at $110.97 per share,1,712 shares were sold. As a result of this transaction, Brown Shona L now holds 70,191 shares worth roughly $7.62 million.
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Then, Xu Tony sold 131,590 shares, generating $14,686,826 in total proceeds. Upon selling the shares at $111.61, the CHIEF EXECUTIVE OFFICER now owns 0 shares.
Before that, Fang Andy sold 50,000 shares. DoorDash Inc shares valued at $5,597,823 were divested by the Director at a price of $111.96 per share. As a result of the transaction, Fang Andy now holds 39,275 shares, worth roughly $4.26 million.
Loop Capital initiated its DoorDash Inc [DASH] rating to a Buy in a research note published on April 19, 2024; the price target was $170. A number of analysts have revised their coverage, including MoffettNathanson’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”. The Benchmark Company began covering DASH with “Buy” recommendation on April 04, 2024. Piper Sandler revised its rating on March 15, 2024. It rated DASH as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of DASH
On Monday, DoorDash Inc [NASDAQ:DASH] saw its stock fall -0.25% to $108.51. Over the last five days, the stock has lost -1.98%. DoorDash Inc shares have risen nearly 9.73% since the year began. Nevertheless, the stocks have risen 43.82% over the past one year. While a 52-week high of $143.34 was reached on 03/27/24, a 52-week low of $69.90 was recorded on 01/04/24. SMA at 50 days reached $115.80, while 200 days put it at $107.01. A total of 3.76 million shares were traded, compared to the trading of 3.66 million shares in the previous session.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 106.75, which if violated will result in even more drops to 105.00. On the upside, there is a resistance level at 109.45. A further resistance level may holdings at 110.40. The Relative Strength Index (RSI) on the 14-day chart is 39.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.64%. Stochastics%K at 19.39% indicates the stock is a buying.
