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A Guide To The Risks Of Investing In Dnow Inc (DNOW)

Dnow Inc’s recently made public that its President and CEO Cherechinsky David A unloaded Company’s shares for reported $1.68 million on May 14 ’24. In the deal valued at $13.57 per share,123,881 shares were sold. As a result of this transaction, Cherechinsky David A now holds 775,559 shares worth roughly $9.94 million.

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Then, Chang Raymond W sold 93,284 shares, generating $1,260,267 in total proceeds. Upon selling the shares at $13.51, the VP and General Counsel now owns 283,837 shares.

Before that, Johnson Mark B sold 47,015 shares. Dnow Inc shares valued at $634,702 were divested by the insider at a price of $13.50 per share. As a result of the transaction, Johnson Mark B now holds 180,393 shares, worth roughly $2.31 million.

The Benchmark Company initiated its Dnow Inc [DNOW] rating to a Buy in a research note published on July 08, 2022; the price target was $13. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in early November from “an Equal-weight” to “an Overweight”. Stifel also remained covering DNOW and has increased its forecast on July 16, 2021 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on February 19, 2021. It rated DNOW as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of DNOW

On Friday, Dnow Inc [NYSE:DNOW] saw its stock fall -5.25% to $12.82. Over the last five days, the stock has lost -5.11%. Dnow Inc shares have risen nearly 13.25% since the year began. Nevertheless, the stocks have risen 21.40% over the past one year. While a 52-week high of $15.57 was reached on 04/08/24, a 52-week low of $9.44 was recorded on 02/13/24. SMA at 50 days reached $13.90, while 200 days put it at $12.41. A total of 0.63 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For DNOW Stock

The 24-hour chart illustrates a support level at 12.59, which if violated will result in even more drops to 12.36. On the upside, there is a resistance level at 13.27. A further resistance level may holdings at 13.72. The Relative Strength Index (RSI) on the 14-day chart is 37.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.06%. Stochastics%K at 42.74% indicates the stock is a holding.

The most recent change occurred on February 18, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $13.

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