The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Deckers Outdoor Corp. shares valued at $3,376,369 were sold by Powers David on Sep 06 ’24. At $863.08 per share, Powers David sold 3,912 shares. The insider’s holdings dropped to 68,078 shares worth approximately $10.71 million following the completion of this transaction.
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Also, Ibrahim Maha Saleh sold 50 shares, netting a total of over 43,253 in proceeds. Following the sale of shares at $865.06 each, the insider now holds 1,689 shares.
Before that, Ibrahim Maha Saleh had added 50 shares to its account. In a trade valued at $44,027, the Director bought Deckers Outdoor Corp. shares for $880.54 each.
Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of May 24, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for DECK. Earlier on May 20, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for DECK stock.
Analyzing DECK Stock Performance
During the last five days, there has been a surge of approximately 3.39%. Over the course of the year, Deckers Outdoor Corp. shares have jumped approximately 41.16%. Shares of the company reached a 52-week high of $184.48 on 06/03/24 and a 52-week low of $108.65 on 01/05/24. A 50-day SMA is recorded $152.10, while a 200-day SMA reached $146.10. Nevertheless, trading volume fell to 1.24 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Deckers Outdoor Corp. (DECK)
According to the 24-hour chart, there is a support level at 154.18, which, if violated, would cause prices to drop to 151.10. In the upper region, resistance lies at 159.51. The next price resistance is at 161.77. RSI (Relative Strength Index) is 55.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.82, which suggests the price will increase in the coming days. Percent R is at 27.29%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
