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The Potential Rise in the Price of Daktronics Inc. (DAKT) following insiders activity

Daktronics Inc.’s recent filing unveils that its Officer Anderson Sheila Mae acquired Company’s shares for reported $0.12 million on Jul 29 ’24. In the deal valued at $15.45 per share,7,500 shares were bought.

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Then, Anderson Sheila Mae sold 7,500 shares, generating $115,875 in total proceeds. Upon selling the shares at $15.45, the CFO & Treasurer now owns 33,889 shares.

Before that, Kurtenbach Matthew John sold 3,000 shares. Daktronics Inc. shares valued at $45,090 were divested by the VP of Manufacturing at a price of $15.03 per share. As a result of the transaction, Kurtenbach Matthew John now holds 208,906 shares, worth roughly $2.88 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 Friday, Daktronics Inc. [NASDAQ:DAKT] saw its stock fall -5.55% to $13.79. Over the last five days, the stock has lost -9.63%. Daktronics Inc. shares have risen nearly 62.62% since the year began. Nevertheless, the stocks have risen 87.87% over the past one year. While a 52-week high of $15.64 was reached on 07/29/24, a 52-week low of $7.20 was recorded on 02/07/24. SMA at 50 days reached $12.80, while 200 days put it at $10.12. A total of 0.71 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For DAKT Stock

The 24-hour chart illustrates a support level at 13.53, which if violated will result in even more drops to 13.27. On the upside, there is a resistance level at 14.12. A further resistance level may holdings at 14.45. The Relative Strength Index (RSI) on the 14-day chart is 48.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.70%. Stochastics%K at 39.84% indicates the stock is a holding.

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