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Recent Insider Activity Suggests Potential Gains for Doximity Inc (DOCS)

Doximity Inc’s recently made public that its Officer CRAIG OVERPECK acquired Company’s shares for reported $51945.0 on Aug 16 ’24. In the deal valued at $34.63 per share,1,500 shares were bought.

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Then, Bryson Anna sold 30,000 shares, generating $1,077,887 in total proceeds. Upon selling the shares at $35.93, the Chief Financial Officer now owns 309,627 shares.

Before that, Cabral Timothy S sold 35,544 shares. Doximity Inc shares valued at $1,190,724 were divested by the Director at a price of $33.50 per share. As a result of the transaction, Cabral Timothy S now holds 4,714 shares, worth roughly $0.17 million.

Needham upgraded its Doximity Inc [DOCS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid July from “an Equal weight” to “an Underweight”. JP Morgan also remained covering DOCS and has increased its forecast on April 25, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Leerink Partners started covering the stock on February 26, 2024. It rated DOCS as “a Market perform”.

Price Performance Review of DOCS

On Tuesday, Doximity Inc [NYSE:DOCS] saw its stock jump 0.27% to $36.74. Over the last five days, the stock has gained 1.41%. Doximity Inc shares have risen nearly 31.03% since the year began. Nevertheless, the stocks have risen 56.74% over the past one year. While a 52-week high of $37.25 was reached on 08/12/24, a 52-week low of $19.71 was recorded on 05/13/24. SMA at 50 days reached $29.73, while 200 days put it at $27.61.

Levels Of Support And Resistance For DOCS Stock

The 24-hour chart illustrates a support level at 36.19, which if violated will result in even more drops to 35.64. On the upside, there is a resistance level at 37.26. A further resistance level may holdings at 37.77. The Relative Strength Index (RSI) on the 14-day chart is 73.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.29%. Stochastics%K at 94.79% indicates the stock is a selling.

How much short interest is there in Doximity Inc?

A steep rise in short interest was recorded in Doximity Inc stocks on 2024-07-31, growing by 1.0 million shares to a total of 12.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 11.92 million shares. There was a rise of 7.73%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 03, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $31 price target.

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