Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dine Brands Global Inc shares valued at $52,518 were sold by Hyter Michael on May 15 ’24. At $45.47 per share, Hyter Michael sold 1,155 shares. The insider’s holdings dropped to 3,381 shares worth approximately $0.12 million following the completion of this transaction.
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Also, Chang Vance YuWen purchased 1,170 shares, netting a total of over 50,684 in proceeds. Following the buying of shares at $43.32 each, the insider now holds 19,101 shares.
Before that, Peyton John W. had added 2,225 shares to its account. In a trade valued at $100,058, the Chief Executive Officer bought Dine Brands Global Inc shares for $44.97 each. Upon closing the transaction, the insider’s holdings increased to 2,225 shares, worth approximately $2.71 million.
As published in a research note from Wedbush on October 01, 2024, Dine Brands Global Inc [DIN] has been rated up from a Neutral to an Outperform and the price target has been revised to $47 from $34. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of September 05, 2023, UBS has initiated its “Buy” rating for DIN. Earlier on July 18, 2023, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for DIN stock.
Analyzing DIN Stock Performance
During the last five days, there has been a surge of approximately 13.84%. Over the course of the year, Dine Brands Global Inc shares have dropped approximately -30.43%. Shares of the company reached a 52-week high of $51.35 on 03/08/24 and a 52-week low of $28.25 on 09/11/24. A 50-day SMA is recorded $31.64, while a 200-day SMA reached $40.37. Nevertheless, trading volume fell to 0.7 million shares from 1.35 million shares the previous day.
Support And Resistance Levels for Dine Brands Global Inc (DIN)
According to the 24-hour chart, there is a support level at 33.94, which, if violated, would cause prices to drop to 33.35. In the upper region, resistance lies at 35.06. The next price resistance is at 35.58. RSI (Relative Strength Index) is 65.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.40, which suggests the price will increase in the coming days. Percent R is at 18.63%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
