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The Potential Rise in the Price of DuPont de Nemours Inc (DD) following insiders activity

In a filing, DuPont de Nemours Inc revealed its President, Electronics & Indus Kemp Jon D. unloaded Company’s shares for reported $0.41 million on Jun 03 ’24. In the deal valued at $81.15 per share,5,000 shares were sold. As a result of this transaction, Kemp Jon D. now holds 102,004 shares worth roughly $8.01 million.

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Then, Larrabee Steven P. sold 3,100 shares, generating $252,385 in total proceeds. Upon selling the shares at $81.41, the SVP & CIO now owns 35,337 shares.

Before that, Goss Michael G. sold 1,339 shares. DuPont de Nemours Inc shares valued at $104,884 were divested by the Controller at a price of $78.33 per share. As a result of the transaction, Goss Michael G. now holds 14,012 shares, worth roughly $1.1 million.

Citigroup upgraded its DuPont de Nemours Inc [DD] rating to a Buy from a a Neutral in a research note published on May 28, 2024; the price target was increased to $95 from $85. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late May from “an Equal weight” to “an Overweight”. BMO Capital Markets also remained covering DD and has increased its forecast on May 23, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Jefferies revised its rating on May 17, 2024. It rated DD as “a Buy” which previously was an “a Hold”.

Price Performance Review of DD

On Tuesday, DuPont de Nemours Inc [NYSE:DD] saw its stock fall -1.18% to $78.53. Over the last five days, the stock has lost -0.93%. DuPont de Nemours Inc shares have risen nearly 2.08% since the year began. Nevertheless, the stocks have risen 11.53% over the past one year. While a 52-week high of $82.62 was reached on 05/28/24, a 52-week low of $61.14 was recorded on 02/02/24. SMA at 50 days reached $79.30, while 200 days put it at $73.95. A total of 1.16 million shares were traded, compared to the trading of 1.5 million shares in the previous session.

Levels Of Support And Resistance For DD Stock

The 24-hour chart illustrates a support level at 78.20, which if violated will result in even more drops to 77.86. On the upside, there is a resistance level at 79.13. A further resistance level may holdings at 79.72. The Relative Strength Index (RSI) on the 14-day chart is 42.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.44%. Stochastics%K at 16.37% indicates the stock is a buying.

The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.

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