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. Dominos Pizza Inc shares valued at $1,150,600 were sold by GARCIA KELLY E on Jun 03 ’24. At $523.00 per share, GARCIA KELLY E sold 2,200 shares. The insider’s holdings dropped to 8,149 shares worth approximately $4.05 million following the completion of this transaction.
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Also, GARRIDO FRANK sold 470 shares, netting a total of over 245,080 in proceeds. Following the sale of shares at $521.45 each, the insider now holds 6,323 shares.
Before that, PARRISH JESSICA L had sold 400 shares from its account. In a trade valued at $209,672, the VP, Chief Accounting Officer traded Dominos Pizza Inc shares for $524.18 each. Upon closing the transaction, the insider’s holdings decreased to 400 shares, worth approximately $1.13 million.
As published in their initiating research note from Goldman on June 13, 2024, Dominos Pizza Inc [DPZ] has been a Buy and the price target has been revised to $612. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of February 27, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for DPZ. Earlier on January 16, 2024, Gordon Haskett upgraded its rating. Their new recommendation was “a Buy” for DPZ stock which previously was a “a Hold”.
Analyzing DPZ Stock Performance
During the last five days, there has been a drop of approximately -4.40%. Over the course of the year, Dominos Pizza Inc shares have jumped approximately 20.44%. Shares of the company reached a 52-week high of $542.75 on 04/30/24 and a 52-week low of $395.08 on 01/08/24. A 50-day SMA is recorded $514.96, while a 200-day SMA reached $437.63. Nevertheless, trading volume fell to 0.22 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Dominos Pizza Inc (DPZ)
According to the 24-hour chart, there is a support level at 493.18, which, if violated, would cause prices to drop to 489.02. In the upper region, resistance lies at 501.21. The next price resistance is at 505.08. RSI (Relative Strength Index) is 37.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -20.93, which suggests the price will decrease in the coming days. Percent R is at 86.77%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
