Daktronics Inc.’s recent filing unveils that its VP of Manufacturing Kurtenbach Matthew John unloaded Company’s shares for reported $29920.0 on Jul 31 ’24. In the deal valued at $14.96 per share,2,000 shares were sold. As a result of this transaction, Kurtenbach Matthew John now holds 208,906 shares worth roughly $3.18 million.
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Then, Kurtenbach Matthew John sold 3,000 shares, generating $45,090 in total proceeds. Upon selling the shares at $15.03, the VP of Manufacturing now owns 208,906 shares.
Before that, Anderson Sheila Mae sold 7,500 shares. Daktronics Inc. shares valued at $115,875 were divested by the CFO & Treasurer at a price of $15.45 per share. As a result of the transaction, Anderson Sheila Mae now holds 33,889 shares, worth roughly $0.52 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 -0.46% to $15.21. Over the last five days, the stock has gained 1.67%. Daktronics Inc. shares have risen nearly 79.36% since the year began. Nevertheless, the stocks have risen 89.18% over the past one year. While a 52-week high of $15.72 was reached on 08/15/24, a 52-week low of $7.20 was recorded on 02/07/24. SMA at 50 days reached $13.57, while 200 days put it at $10.42.
Levels Of Support And Resistance For DAKT Stock
The 24-hour chart illustrates a support level at 15.05, which if violated will result in even more drops to 14.89. On the upside, there is a resistance level at 15.40. A further resistance level may holdings at 15.59. The Relative Strength Index (RSI) on the 14-day chart is 61.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.33%. Stochastics%K at 87.45% indicates the stock is a selling.
How much short interest is there in Daktronics Inc.?
A steep rise in short interest was recorded in Daktronics Inc. stocks on 2024-07-31, dropping by -0.31 million shares to a total of 3.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.72 million shares. There was a decline of -9.16%, which implies that there is a negative sentiment for the stock.
