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Analyzing Daktronics Inc. (DAKT) After Recent Trading Activity

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In a filing, Daktronics Inc. revealed its Chairman, President and CEO Kurtenbach Reece A unloaded Company’s shares for reported $0.21 million on Jul 01 ’24. In the deal valued at $13.87 per share,15,000 shares were sold. As a result of this transaction, Kurtenbach Reece A now holds 457,963 shares worth roughly $6.26 million.

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Then, Kurtenbach Matthew John sold 857 shares, generating $11,912 in total proceeds. Upon selling the shares at $13.90, the VP of Manufacturing now owns 208,906 shares.

Before that, Wiemann Bradley T sold 22,722 shares. Daktronics Inc. shares valued at $212,603 were divested by the Exec Vice President at a price of $9.36 per share. As a result of the transaction, Wiemann Bradley T now holds 132,582 shares, worth roughly $1.81 million.

Sidoti initiated its Daktronics Inc. [DAKT] rating to a Neutral in a research note published on January 24, 2018; the price target was $10. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Neutral”. Needham also remained covering DAKT and has increased its forecast on September 23, 2015 with a “Buy” recommendation from previously “Hold” rating. Griffin Securities maintained its rating on November 20, 2013. It rated DAKT as “a Buy”.

Price Performance Review of DAKT

On Tuesday, Daktronics Inc. [NASDAQ:DAKT] saw its stock fall -0.36% to $13.67. Over the last five days, the stock has lost -0.73%. Daktronics Inc. shares have risen nearly 61.20% since the year began. Nevertheless, the stocks have risen 120.48% over the past one year. While a 52-week high of $14.58 was reached on 06/28/24, a 52-week low of $5.99 was recorded on 02/07/24. SMA at 50 days reached $11.43, while 200 days put it at $9.63. A total of 0.52 million shares were traded, compared to the trading of 0.51 million shares in the previous session.

Levels Of Support And Resistance For DAKT Stock

The 24-hour chart illustrates a support level at 13.48, which if violated will result in even more drops to 13.29. On the upside, there is a resistance level at 13.86. A further resistance level may holdings at 14.05. The Relative Strength Index (RSI) on the 14-day chart is 65.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.81%. Stochastics%K at 72.43% indicates the stock is a holding.

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