DoorDash Inc’s recent filing unveils that its Director Tang Stanley unloaded Company’s shares for reported $7.09 million on Oct 01 ’24. In the deal valued at $141.81 per share,50,000 shares were sold. As a result of this transaction, Tang Stanley now holds 0 shares worth roughly $0.0.
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Then, Xu Tony sold 81,249 shares, generating $11,565,103 in total proceeds. Upon selling the shares at $142.34, the CHIEF EXECUTIVE OFFICER now owns 0 shares.
Before that, Inukonda Ravi sold 7,000 shares. DoorDash Inc shares valued at $995,457 were divested by the CHIEF FINANCIAL OFFICER at a price of $142.21 per share. As a result of the transaction, Inukonda Ravi now holds 402,212 shares, worth roughly $57.15 million.
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 fall -1.92% to $142.08. Over the last five days, the stock has lost -0.46%. DoorDash Inc shares have risen nearly 43.67% since the year began. Nevertheless, the stocks have risen 92.49% 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 $129.31, while 200 days put it at $119.75.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 141.01, which if violated will result in even more drops to 139.93. On the upside, there is a resistance level at 143.99. A further resistance level may holdings at 145.90. The Relative Strength Index (RSI) on the 14-day chart is 63.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.68%. Stochastics %K at 81.27% 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.
