Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dave Inc shares valued at $285,128 were sold by POPE MICHAEL W on Jun 10 ’24. At $36.32 per share, POPE MICHAEL W sold 7,851 shares. The insider’s holdings dropped to 29,914 shares worth approximately $1.23 million following the completion of this transaction.
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Also, POPE MICHAEL W sold 7,851 shares, netting a total of over 278,973 in proceeds. Following the sale of shares at $35.53 each, the insider now holds 22,063 shares.
Before that, Preston Dan had sold 14,770 shares from its account. In a trade valued at $595,436, the Director traded Dave Inc shares for $40.31 each. Upon closing the transaction, the insider’s holdings decreased to 14,770 shares, worth approximately $0.95 million.
As published in their initiating research note from The Benchmark Company on August 12, 2024, Dave Inc [DAVE] has been a Buy and the price target has been revised to $53. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of June 10, 2024, Seaport Research Partners has initiated its “Buy” rating for DAVE. Earlier on June 07, 2024, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for DAVE stock.
Analyzing DAVE Stock Performance
During the last five days, there has been a surge of approximately 3.31%. Over the course of the year, Dave Inc shares have jumped approximately 391.83%. Shares of the company reached a 52-week high of $63.50 on 05/07/24 and a 52-week low of $7.73 on 01/02/24. A 50-day SMA is recorded $37.37, while a 200-day SMA reached $33.24. Nevertheless, trading volume fell to 0.6 million shares from 2.99 million shares the previous day.
Support And Resistance Levels for Dave Inc (DAVE)
According to the 24-hour chart, there is a support level at 40.21, which, if violated, would cause prices to drop to 39.17. In the upper region, resistance lies at 42.16. The next price resistance is at 43.07. RSI (Relative Strength Index) is 54.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.66, which suggests the price will increase in the coming days. Percent R is at 56.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
