The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Deckers Outdoor Corp. shares valued at $11,902,608 were sold by Powers David on Jun 06 ’24. At $1086.50 per share, Powers David sold 10,955 shares. The insider’s holdings dropped to 76,006 shares worth approximately $71.05 million following the completion of this transaction.
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Also, Stefano Caroti sold 5,000 shares, netting a total of over 5,398,700 in proceeds. Following the sale of shares at $1079.74 each, the insider now holds 39,926 shares.
Before that, Ogbechie Angela had sold 153 shares from its account. In a trade valued at $164,923, the Chief Supply Chain Officer traded Deckers Outdoor Corp. shares for $1077.93 each. Upon closing the transaction, the insider’s holdings decreased to 153 shares, worth approximately $3.53 million.
As published in a research note from Truist on May 28, 2024, Deckers Outdoor Corp. [DECK] has been rated up from a Hold to a Buy and the price target has been revised to $1200 from $1011. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late May. As of May 20, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for DECK. Earlier on April 25, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for DECK stock which previously was a “a Buy”.
Analyzing DECK Stock Performance
During the last five days, there has been a drop of approximately -4.73%. Over the course of the year, Deckers Outdoor Corp. shares have jumped approximately 39.85%. Shares of the company reached a 52-week high of $1,106.89 on 06/03/24 and a 52-week low of $651.89 on 01/05/24. A 50-day SMA is recorded $948.26, while a 200-day SMA reached $776.32. Nevertheless, trading volume fell to 0.17 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Deckers Outdoor Corp. (DECK)
According to the 24-hour chart, there is a support level at 925.77, which, if violated, would cause prices to drop to 915.85. In the upper region, resistance lies at 949.32. The next price resistance is at 962.95. RSI (Relative Strength Index) is 37.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -43.02, which suggests the price will decrease in the coming days. Percent R is at 86.04%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
