Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Digimarc Corporation shares valued at $27,211 were sold by Benton Thomas on Jun 20 ’24. At $25.74 per share, Benton Thomas sold 1,057 shares. The insider’s holdings dropped to 6,422 shares worth approximately $0.16 million following the completion of this transaction.
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Also, Syrett Alicia sold 1,500 shares, netting a total of over 39,735 in proceeds. Following the sale of shares at $26.49 each, the insider now holds 18,341 shares.
Before that, Syrett Alicia had sold 846 shares from its account. In a trade valued at $21,850, the Director traded Digimarc Corporation shares for $25.83 each. Upon closing the transaction, the insider’s holdings decreased to 846 shares, worth approximately $0.48 million.
As published in a research note from Needham on June 24, 2024, Digimarc Corporation [DMRC] has been rated up from a Hold to a Buy and the price target has been revised to $40. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late February. As of May 30, 2019, Needham has decreased its “Buy” rating to a “Hold” for DMRC. Earlier on May 30, 2019, B. Riley FBR downgraded its rating. Their new recommendation was “a Neutral” for DMRC stock which previously was a “a Buy”.
Analyzing DMRC Stock Performance
During the last five days, there has been a drop of approximately -14.96%. Over the course of the year, Digimarc Corporation shares have dropped approximately -33.14%. Shares of the company reached a 52-week high of $43.43 on 02/12/24 and a 52-week low of $21.00 on 05/01/24. A 50-day SMA is recorded $30.25, while a 200-day SMA reached $30.77. Nevertheless, trading volume fell to 0.54 million shares from 0.1 million shares the previous day.
Support And Resistance Levels for Digimarc Corporation (DMRC)
According to the 24-hour chart, there is a support level at 21.69, which, if violated, would cause prices to drop to 19.23. In the upper region, resistance lies at 27.31. The next price resistance is at 30.46. RSI (Relative Strength Index) is 26.83 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.81, which suggests the price will decrease in the coming days. Percent R is at 85.86%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
