Designer Brands Inc’s recently made public that its Director SONNENBERG HARVEY L unloaded Company’s shares for reported $0.15 million on Sep 17 ’24. In the deal valued at $6.62 per share,22,000 shares were sold. As a result of this transaction, SONNENBERG HARVEY L now holds 3,180 shares worth roughly $21687.600000000002.
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Then, SONNENBERG HARVEY L bought 22,000 shares, generating $131,780 in total proceeds.
Before that, SONNENBERG HARVEY L sold 9,000 shares. Designer Brands Inc shares valued at $77,868 were divested by the Director at a price of $8.65 per share. As a result of the transaction, SONNENBERG HARVEY L now holds 2,199 shares, worth roughly $14997.18.
Telsey Advisory Group reiterated its Designer Brands Inc [DBI] rating to a Market perform in a research note published on September 12, 2024; the price target was $6. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early June has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering DBI and reiterated its “Market perform” recommendation on December 06, 2023. Telsey Advisory Group maintained its rating on May 27, 2021. It rated DBI as “a Market perform”.
Price Performance Review of DBI
On Friday, Designer Brands Inc [NYSE:DBI] saw its stock jump 1.19% to $6.82. Over the last five days, the stock has lost -1.02%. Designer Brands Inc shares have fallen nearly -22.94% since the year began. Nevertheless, the stocks have fallen -45.87% over the past one year. While a 52-week high of $12.91 was reached on 03/20/24, a 52-week low of $4.36 was recorded on 09/11/24. SMA at 50 days reached $6.96, while 200 days put it at $8.44.
Levels Of Support And Resistance For DBI Stock
The 24-hour chart illustrates a support level at 6.73, which if violated will result in even more drops to 6.63. On the upside, there is a resistance level at 7.00. A further resistance level may holdings at 7.17. The Relative Strength Index (RSI) on the 14-day chart is 51.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.44%. Stochastics %K at 59.98% indicates the stock is a holding.
How much short interest is there in Designer Brands Inc?
A steep rise in short interest was recorded in Designer Brands Inc stocks on 2024-09-13, growing by 0.98 million shares to a total of 13.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 12.87 million shares. There was a rise of 7.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 20, 2021 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $20.
