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. Domo Inc. shares valued at $683,660 were purchased by Daniel Daniel David III on Jun 21 ’24. At $6.84 per share, Daniel Daniel David III acquired 100,000 shares. The insider’s holdings grew to 661,400 shares worth approximately $5.03 million following the completion of this transaction.
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Also, Thayne Daren sold 7,095 shares, netting a total of over 48,601 in proceeds. Following the sale of shares at $6.85 each, the insider now holds 406,663 shares.
Before that, Daniel Daniel David III had added 150,000 shares to its account. In a trade valued at $1,030,605, the Director bought Domo Inc. shares for $6.87 each. Upon closing the transaction, the insider’s holdings increased to 150,000 shares, worth approximately $4.27 million.
As published in a research note from Lake Street on May 24, 2024, Domo Inc. [DOMO] has been rated down from a Buy to a Hold and the price target has been revised to $8. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in late September. As of August 25, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for DOMO. Earlier on January 20, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for DOMO stock which previously was a “an Overweight”.
Analyzing DOMO Stock Performance
During the last five days, there has been a surge of approximately 0.93%. Over the course of the year, Domo Inc. shares have dropped approximately -26.04%. Shares of the company reached a 52-week high of $12.23 on 02/07/24 and a 52-week low of $6.11 on 05/24/24. A 50-day SMA is recorded $7.19, while a 200-day SMA reached $9.04. Nevertheless, trading volume fell to 0.1 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Domo Inc. (DOMO)
According to the 24-hour chart, there is a support level at 7.58, which, if violated, would cause prices to drop to 7.52. In the upper region, resistance lies at 7.73. The next price resistance is at 7.82. RSI (Relative Strength Index) is 59.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 17.22%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
