Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DoorDash Inc shares valued at $5,685,485 were sold by Xu Tony on Jul 15 ’24. At $104.96 per share, Xu Tony sold 54,166 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Fang Andy sold 50,000 shares, netting a total of over 5,279,306 in proceeds. Following the sale of shares at $105.59 each, the insider now holds 19,982 shares.
Before that, Fang Andy had sold 50,000 shares from its account. In a trade valued at $5,278,652, the Director traded DoorDash Inc shares for $105.57 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $2.21 million.
As published in their initiating research note from Redburn Atlantic on July 26, 2024, DoorDash Inc [DASH] has been a Buy and the price target has been revised to $170. Analysts at Argus started covering the stock with ‘”a Hold”‘ outlook in a report released in late July. As of July 16, 2024, Wolfe Research has initiated its “an Outperform” rating for DASH. Earlier on July 11, 2024, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for DASH stock.
Analyzing DASH Stock Performance
During the last five days, there has been a surge of approximately 8.06%. Over the course of the year, DoorDash Inc shares have jumped approximately 11.96%. Shares of the company reached a 52-week high of $143.34 on 03/27/24 and a 52-week low of $93.33 on 01/04/24. A 50-day SMA is recorded $109.41, while a 200-day SMA reached $109.94. Nevertheless, trading volume fell to 5.07 million shares from 4.04 million shares the previous day.
Support And Resistance Levels for DoorDash Inc (DASH)
According to the 24-hour chart, there is a support level at 109.05, which, if violated, would cause prices to drop to 107.39. In the upper region, resistance lies at 112.05. The next price resistance is at 113.39. RSI (Relative Strength Index) is 56.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.90, which suggests the price will increase in the coming days. Percent R is at 8.06%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
