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Taking a Closer Look At Dana Inc (DAN) Following Its Recent Trade

In a filing, Dana Inc revealed its VP & Chief Accounting Officer Kellett James D unloaded Company’s shares for reported $61040.0 on May 16 ’24. In the deal valued at $14.01 per share,4,357 shares were sold. As a result of this transaction, Kellett James D now holds 6,279 shares worth roughly $74531.73.

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Then, Aghili Aziz sold 30,000 shares, generating $575,674 in total proceeds. Upon selling the shares at $19.19, the EVP &Pres Off-Hwy Technologies now owns 14,975 shares.

Before that, Kellett James D sold 14,437 shares. Dana Inc shares valued at $275,419 were divested by the VP & Chief Accounting Officer at a price of $19.08 per share. As a result of the transaction, Kellett James D now holds 6,279 shares, worth roughly $74531.73.

UBS initiated its Dana Inc [DAN] rating to a Neutral in a research note published on September 13, 2023; the price target was $17. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid February with a ‘”an Equal weight”‘ rating. RBC Capital Mkts also remained covering DAN and has decreased its forecast on October 28, 2022 with a “Sector perform” recommendation from previously “an Outperform” rating. Deutsche Bank revised its rating on August 04, 2022. It rated DAN as “a Hold” which previously was an “a Buy”.

Price Performance Review of DAN

On Tuesday, Dana Inc [NYSE:DAN] saw its stock jump 0.25% to $11.87. Over the last five days, the stock has lost -5.64%. Dana Inc shares have fallen nearly -18.75% since the year began. Nevertheless, the stocks have fallen -30.18% over the past one year. While a 52-week high of $19.75 was reached on 01/02/24, a 52-week low of $11.10 was recorded on 03/14/24. SMA at 50 days reached $13.17, while 200 days put it at $13.17. A total of 0.74 million shares were traded, compared to the trading of 0.8 million shares in the previous session.

Levels Of Support And Resistance For DAN Stock

The 24-hour chart illustrates a support level at 11.76, which if violated will result in even more drops to 11.64. On the upside, there is a resistance level at 12.03. A further resistance level may holdings at 12.18. The Relative Strength Index (RSI) on the 14-day chart is 31.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.57%. Stochastics%K at 4.67% indicates the stock is a buying.

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