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A company insider recently sold 1,000 shares of Diodes, Inc. [DIOD]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Diodes, Inc. shares valued at $70,484 were sold by Yang Emily on Aug 30 ’24. At $70.48 per share, Yang Emily sold 1,000 shares. The insider’s holdings dropped to 59,820 shares worth approximately $3.67 million following the completion of this transaction.

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Also, Whitmire Brett R sold 1,900 shares, netting a total of over 132,974 in proceeds. Following the sale of shares at $69.99 each, the insider now holds 46,365 shares.

Before that, Yang Emily had added 1,000 shares to its account. In a trade valued at $70,484, the Officer bought Diodes, Inc. shares for $70.48 each.

As published in a research note from TD Cowen on February 07, 2024, Diodes, Inc. [DIOD] has been retained to an Outperform and the price target has been revised to $85. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of October 31, 2023, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for DIOD.

Analyzing DIOD Stock Performance

During the last five days, there has been a surge of approximately 1.54%. Over the course of the year, Diodes, Inc. shares have dropped approximately -23.73%. Shares of the company reached a 52-week high of $86.74 on 07/16/24 and a 52-week low of $58.62 on 09/18/24. A 50-day SMA is recorded $69.62, while a 200-day SMA reached $71.03. Nevertheless, trading volume fell to 0.49 million shares from 0.35 million shares the previous day.

Support And Resistance Levels for Diodes, Inc. (DIOD)

According to the 24-hour chart, there is a support level at 60.29, which, if violated, would cause prices to drop to 59.16. In the upper region, resistance lies at 62.16. The next price resistance is at 62.90. RSI (Relative Strength Index) is 43.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.90, which suggests the price will decrease in the coming days. Percent R is at 77.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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