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Recent Insider Activity Suggests Potential Gains for Dayforce Inc (DAY)

CHWY Stock

Dayforce Inc’s filing revealed that its President Customer&Revenue Ops Holdridge Stephen H. unloaded Company’s shares for reported $55010.0 on Aug 15 ’24. In the deal valued at $55.01 per share,1,000 shares were sold. As a result of this transaction, Holdridge Stephen H. now holds 103,437 shares worth roughly $6.15 million.

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Then, STEPHEN H HOLDRIDGE bought 1,000 shares, generating $55,010 in total proceeds.

Before that, McDonald William Everett sold 5,995 shares. Dayforce Inc shares valued at $379,364 were divested by the EVP, GC & Corporate Secretary at a price of $63.28 per share. As a result of the transaction, McDonald William Everett now holds 73,385 shares, worth roughly $4.36 million.

Piper Sandler upgraded its Dayforce Inc [DAY] rating to an Overweight from a a Neutral in a research note published on July 31, 2024; the price target was increased to $71 from $68. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in mid June has reiterated a ‘”an Outperform”‘ rating for it. Stifel began covering DAY with “Buy” recommendation on January 10, 2024. UBS started covering the stock on November 07, 2023. It rated DAY as “a Buy”.

Price Performance Review of DAY

On Friday, Dayforce Inc [NYSE:DAY] saw its stock jump 1.11% to $59.41. Over the last five days, the stock has gained 9.07%. Dayforce Inc shares have fallen nearly -11.49% since the year began. Nevertheless, the stocks have fallen -19.73% over the past one year. While a 52-week high of $75.33 was reached on 02/12/24, a 52-week low of $47.08 was recorded on 07/09/24. SMA at 50 days reached $54.40, while 200 days put it at $60.99.

Levels Of Support And Resistance For DAY Stock

The 24-hour chart illustrates a support level at 58.84, which if violated will result in even more drops to 58.27. On the upside, there is a resistance level at 60.14. A further resistance level may holdings at 60.86. The Relative Strength Index (RSI) on the 14-day chart is 63.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.41%. Stochastics %K at 84.99% indicates the stock is a selling.

How much short interest is there in Dayforce Inc?

A steep rise in short interest was recorded in Dayforce Inc stocks on 2024-08-30, growing by 0.13 million shares to a total of 16.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 16.29 million shares. There was a rise of 0.8%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 23, 2023 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $74 price target.

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