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Potential Price Increase for Dana Inc (DAN) After Recent Insider Activity

Dana Inc’s recent filing unveils that its VP & Chief Accounting Officer Kellett James D unloaded Company’s shares for reported $61040.0 on May 16 ’24. In the deal valued at $14.01 per share,4,357 shares were sold. As a result of this transaction, Kellett James D now holds 6,279 shares worth roughly $65929.5.

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Wells Fargo downgraded its Dana Inc [DAN] rating to an Underweight from a an Equal weight in a research note published on September 20, 2024; the price target was decreased to $9 from $13. UBS started covering the stock on September 13, 2023. It rated DAN as “a Neutral”.

Price Performance Review of DAN

On Tuesday, Dana Inc [NYSE:DAN] saw its stock jump 3.35% to $10.50. Over the last five days, the stock has gained 3.04%. Dana Inc shares have fallen nearly -28.13% since the year began. Nevertheless, the stocks have fallen -29.91% over the past one year. While a 52-week high of $15.27 was reached on 01/02/24, a 52-week low of $9.16 was recorded on 09/12/24. SMA at 50 days reached $10.91, while 200 days put it at $12.52.

Levels Of Support And Resistance For DAN Stock

The 24-hour chart illustrates a support level at 10.32, which if violated will result in even more drops to 10.15. On the upside, there is a resistance level at 10.65. A further resistance level may holdings at 10.81. The Relative Strength Index (RSI) on the 14-day chart is 51.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.42%. Stochastics %K at 60.05% indicates the stock is a holding.

How much short interest is there in Dana Inc?

A steep rise in short interest was recorded in Dana Inc stocks on 2024-08-30, dropping by -0.25 million shares to a total of 5.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.36 million shares. There was a decline of -4.79%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 15, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $20 price target.

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