DoorDash Inc’s recent filing unveils that its Director SHONA L. BROWN LIVING TRUST U/ acquired Company’s shares for reported $0.72 million on Oct 11 ’24. In the deal valued at $144.49 per share,5,000 shares were bought.
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Then, Tang Stanley sold 50,000 shares, generating $7,090,446 in total proceeds. Upon selling the shares at $141.81, the Director now owns 0 shares.
Before that, Xu Tony sold 81,249 shares. DoorDash Inc shares valued at $11,565,103 were divested by the CHIEF EXECUTIVE OFFICER at a price of $142.34 per share. As a result of the transaction, Xu Tony now holds 0 shares, worth roughly $0.0.
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 jump 0.39% to $150.02. Over the last five days, the stock has gained 5.59%. DoorDash Inc shares have risen nearly 51.70% since the year began. Nevertheless, the stocks have risen 87.29% over the past one year. While a 52-week high of $150.00 was reached on 10/14/24, a 52-week low of $69.90 was recorded on 01/04/24. SMA at 50 days reached $132.92, while 200 days put it at $120.90.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 148.65, which if violated will result in even more drops to 147.28. On the upside, there is a resistance level at 150.84. A further resistance level may holdings at 151.66. The Relative Strength Index (RSI) on the 14-day chart is 73.33, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.77%. Stochastics %K at 89.35% 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 2024-09-30, growing by 0.88 million shares to a total of 12.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.73 million shares. There was a rise of 6.97%, 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.
