Duckhorn Portfolio Inc’s recent filing unveils that its insider Sullivan Sean B.A. unloaded Company’s shares for reported $0.22 million on Apr 09 ’24. In the deal valued at $8.99 per share,25,000 shares were sold. As a result of this transaction, Sullivan Sean B.A. now holds 125,326 shares worth roughly $0.73 million.
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Then, Mahlan Deirdre sold 29,681 shares, generating $273,932 in total proceeds. Upon selling the shares at $9.23, the insider now owns 104,590 shares.
Before that, Sullivan Sean B.A. sold 9,700 shares. Duckhorn Portfolio Inc shares valued at $88,583 were divested by the insider at a price of $9.13 per share. As a result of the transaction, Sullivan Sean B.A. now holds 154,797 shares, worth roughly $0.9 million.
Barclays downgraded its Duckhorn Portfolio Inc [NAPA] rating to an Equal weight from a an Overweight in a research note published on April 18, 2024; the price target was decreased to $8 from $11. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid February from “a Neutral” to “an Underperform”. BofA Securities also remained covering NAPA and has decreased its forecast on December 07, 2023 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on November 13, 2023. It rated NAPA as “a Buy”.
Price Performance Review of NAPA
On Tuesday, Duckhorn Portfolio Inc [NYSE:NAPA] saw its stock jump 1.57% to $5.83. Over the last five days, the stock has gained 1.92%. Duckhorn Portfolio Inc shares have fallen nearly -40.81% since the year began. Nevertheless, the stocks have fallen -50.76% over the past one year. While a 52-week high of $12.27 was reached on 01/02/24, a 52-week low of $5.55 was recorded on 09/11/24. SMA at 50 days reached $6.68, while 200 days put it at $8.19.
Levels Of Support And Resistance For NAPA Stock
The 24-hour chart illustrates a support level at 5.74, which if violated will result in even more drops to 5.64. On the upside, there is a resistance level at 5.95. A further resistance level may holdings at 6.06. The Relative Strength Index (RSI) on the 14-day chart is 35.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.16%. Stochastics %K at 23.83% indicates the stock is a holding.
How much short interest is there in Duckhorn Portfolio Inc?
A steep rise in short interest was recorded in Duckhorn Portfolio Inc stocks on 2024-08-30, growing by 1.09 million shares to a total of 8.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 6.96 million shares. There was a rise of 13.53%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 05, 2023 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $14 price target.
