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A company insider recently bought 120 shares of Deluxe Corp. [DLX]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Deluxe Corp. shares valued at $2,760 were purchased by Zint William C on Jun 12 ’24. At $23.00 per share, Zint William C acquired 120 shares. The insider’s holdings grew to 11,464 shares worth approximately $0.25 million following the completion of this transaction.

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Also, McCarthy Barry C purchased 2,440 shares, netting a total of over 52,777 in proceeds. Following the buying of shares at $21.63 each, the insider now holds 175,850 shares.

Before that, Zint William C had added 115 shares to its account. In a trade valued at $2,525, the SVP, Chief Financial Offier bought Deluxe Corp. shares for $21.96 each. Upon closing the transaction, the insider’s holdings increased to 115 shares, worth approximately $0.25 million.

As published in their initiating research note from Northcoast on April 19, 2024, Deluxe Corp. [DLX] has been a Buy and the price target has been revised to $27. Analysts at Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in early September. As of October 12, 2018, Buckingham Research has initiated its “Neutral” rating for DLX. Earlier on April 24, 2015, Northland Capital resumed its rating. Their recommendation was “an Outperform” for DLX stock.

Analyzing DLX Stock Performance

During the last five days, there has been a surge of approximately 1.46%. Over the course of the year, Deluxe Corp. shares have jumped approximately 3.36%. Shares of the company reached a 52-week high of $24.00 on 05/15/24 and a 52-week low of $18.57 on 04/16/24. A 50-day SMA is recorded $21.99, while a 200-day SMA reached $19.97. Nevertheless, trading volume fell to 99564.0 shares from 0.17 million shares the previous day.

Support And Resistance Levels for Deluxe Corp. (DLX)

According to the 24-hour chart, there is a support level at 21.97, which, if violated, would cause prices to drop to 21.78. In the upper region, resistance lies at 22.30. The next price resistance is at 22.44. RSI (Relative Strength Index) is 52.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 25.20%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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