Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DoorDash Inc shares valued at $7,090,446 were sold by Tang Stanley on Oct 01 ’24. At $141.81 per share, Tang Stanley sold 50,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Xu Tony sold 81,249 shares, netting a total of over 11,565,103 in proceeds. Following the sale of shares at $142.34 each, the insider now holds 0 shares.
Before that, Inukonda Ravi had sold 7,000 shares from its account. In a trade valued at $995,457, the CHIEF FINANCIAL OFFICER traded DoorDash Inc shares for $142.21 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $58.12 million.
As published in a research note from Keefe Bruyette on September 25, 2024, DoorDash Inc [DASH] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $177. As of September 19, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for DASH. Earlier on September 05, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for DASH stock.
Analyzing DASH Stock Performance
During the last five days, there has been a surge of approximately 1.67%. Over the course of the year, DoorDash Inc shares have jumped approximately 46.11%. Shares of the company reached a 52-week high of $146.38 on 10/10/24 and a 52-week low of $93.33 on 01/04/24. A 50-day SMA is recorded $131.44, while a 200-day SMA reached $120.41. Nevertheless, trading volume fell to 5.66 million shares from 1.99 million shares the previous day.
Support And Resistance Levels for DoorDash Inc (DASH)
According to the 24-hour chart, there is a support level at 142.04, which, if violated, would cause prices to drop to 139.59. In the upper region, resistance lies at 146.66. The next price resistance is at 148.83. RSI (Relative Strength Index) is 66.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.76, which suggests the price will decrease in the coming days. Percent R is at 24.26%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
