DoorDash Inc’s recently made public that its Officer RAVI INUKONDA acquired Company’s shares for reported $2.99 million on Sep 30 ’24. In the deal valued at $142.23 per share,21,000 shares were bought.
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Then, Xu Tony sold 54,166 shares, generating $7,586,707 in total proceeds. Upon selling the shares at $140.06, the CHIEF EXECUTIVE OFFICER now owns 0 shares.
Before that, TONY XU bought 216,664 shares. DoorDash Inc shares valued at $30,272,294 were divested by the Director at a price of $139.72 per share.
Keefe Bruyette upgraded its DoorDash Inc [DASH] rating to an Outperform from a a Mkt perform in a research note published recently. BTIG Research also remained covering DASH and has increased its forecast on September 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. Cantor Fitzgerald started covering the stock on September 05, 2024. It rated DASH as “an Overweight”.
Price Performance Review of DASH
On Monday, DoorDash Inc [NASDAQ:DASH] saw its stock jump 0.35% to $142.73. Over the last five days, the stock has gained 2.31%. DoorDash Inc shares have risen nearly 44.33% since the year began. Nevertheless, the stocks have risen 83.46% over the past one year. While a 52-week high of $146.36 was reached on 09/25/24, a 52-week low of $69.90 was recorded on 01/04/24. SMA at 50 days reached $125.38, while 200 days put it at $118.72.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 141.58, which if violated will result in even more drops to 140.42. On the upside, there is a resistance level at 143.47. A further resistance level may holdings at 144.20. The Relative Strength Index (RSI) on the 14-day chart is 73.05, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.58%. Stochastics %K at 83.93% indicates the stock is a selling.
How much short interest is there in DoorDash Inc?
A steep rise in short interest was recorded in DoorDash Inc stocks on 2024-09-13, growing by 2.33 million shares to a total of 13.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.84 million shares. There was a rise of 17.66%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 26, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $170 price target.
