Duckhorn Portfolio Inc’s recently made public that its insider Sullivan Sean B.A. unloaded Company’s shares for reported $0.22 million on Apr 09 ’24. In the deal valued at $8.99 per share,25,000 shares were sold. As a result of this transaction, Sullivan Sean B.A. now holds 125,326 shares worth roughly $1.38 million.
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Then, Mahlan Deirdre sold 29,681 shares, generating $273,932 in total proceeds. Upon selling the shares at $9.23, the insider now owns 104,590 shares.
Before that, Sullivan Sean B.A. sold 9,700 shares. Duckhorn Portfolio Inc shares valued at $88,583 were divested by the insider at a price of $9.13 per share. As a result of the transaction, Sullivan Sean B.A. now holds 154,797 shares, worth roughly $1.7 million.
RBC Capital Mkts downgraded its Duckhorn Portfolio Inc [NAPA] rating to a Sector perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “an Equal weight”. BofA Securities also remained covering NAPA and has decreased its forecast on February 13, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. BofA Securities revised its rating on December 07, 2023. It rated NAPA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NAPA
On Tuesday, Duckhorn Portfolio Inc [NYSE:NAPA] saw its stock jump 0.18% to $10.99. Over the last five days, the stock has gained 0.27%. Duckhorn Portfolio Inc shares have risen nearly 11.57% since the year began. Nevertheless, the stocks have risen 10.90% over the past one year. While a 52-week high of $11.08 was reached on 10/07/24, a 52-week low of $5.38 was recorded on 10/04/24. SMA at 50 days reached $6.81, while 200 days put it at $7.98.
Levels Of Support And Resistance For NAPA Stock
The 24-hour chart illustrates a support level at 10.96, which if violated will result in even more drops to 10.93. On the upside, there is a resistance level at 11.01. A further resistance level may holdings at 11.02. The Relative Strength Index (RSI) on the 14-day chart is 86.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.18%. Stochastics %K at 99.41% indicates the stock is a selling.
How much short interest is there in Duckhorn Portfolio Inc?
A steep rise in short interest was recorded in Duckhorn Portfolio Inc stocks on 2024-09-30, growing by 0.7 million shares to a total of 8.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.05 million shares. There was a rise of 7.98%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 13, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.
