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Needham gives a Buy recommendation for Doximity Inc (DOCS)

In a filing, Doximity Inc revealed its Director Wampler Kira Scherer unloaded Company’s shares for reported $90675.0 on Sep 03 ’24. In the deal valued at $36.27 per share,2,500 shares were sold. As a result of this transaction, Wampler Kira Scherer now holds 16,618 shares worth roughly $0.67 million.

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Then, KIRA WAMPLER bought 2,500 shares, generating $90,675 in total proceeds.

Before that, CRAIG OVERPECK bought 1,500 shares. Doximity Inc shares valued at $51,945 were divested by the Officer at a price of $34.63 per share.

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 1.83% to $40.16. Over the last five days, the stock has gained 9.91%. Doximity Inc shares have risen nearly 43.22% since the year began. Nevertheless, the stocks have risen 89.26% over the past one year. While a 52-week high of $39.75 was reached on 09/17/24, a 52-week low of $19.71 was recorded on 05/13/24. SMA at 50 days reached $32.47, while 200 days put it at $28.52.

Levels Of Support And Resistance For DOCS Stock

The 24-hour chart illustrates a support level at 39.63, which if violated will result in even more drops to 39.10. On the upside, there is a resistance level at 40.81. A further resistance level may holdings at 41.45. The Relative Strength Index (RSI) on the 14-day chart is 77.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.65%. Stochastics %K at 90.30% 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 2024-08-30, dropping by -0.56 million shares to a total of 12.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.92 million shares. There was a decline of -4.51%, which implies that there is a negative 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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