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The Potential Rise in the Price of DuPont de Nemours Inc (DD) following insiders activity

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DuPont de Nemours Inc’s recently made public that its SVP & CIO Larrabee Steven P. unloaded Company’s shares for reported $0.25 million on May 31 ’24. In the deal valued at $81.41 per share,3,100 shares were sold. As a result of this transaction, Larrabee Steven P. now holds 35,337 shares worth roughly $-3.07 million.

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Then, Kemp Jon D. sold 5,000 shares, generating $405,774 in total proceeds. Upon selling the shares at $81.15, the President, Electronics & Indus now owns 102,004 shares.

Before that, Goss Michael G. sold 1,339 shares. DuPont de Nemours Inc shares valued at $104,884 were divested by the Controller at a price of $78.33 per share. As a result of the transaction, Goss Michael G. now holds 14,012 shares, worth roughly $1.22 million.

Barclays downgraded its DuPont de Nemours Inc [DD] rating to an Underweight from a an Equal weight in a research note published on October 07, 2024; the price target was decreased to $84 from $88. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “a Buy”. Wells Fargo also remained covering DD and has increased its forecast on May 24, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. BMO Capital Markets revised its rating on May 23, 2024. It rated DD as “an Outperform” which previously was an “a Market perform”.

Price Performance Review of DD

On Monday, DuPont de Nemours Inc [NYSE:DD] saw its stock jump 0.37% to $86.85. Over the last five days, the stock has gained 1.06%. DuPont de Nemours Inc shares have risen nearly 12.89% since the year began. Nevertheless, the stocks have risen 14.47% over the past one year. While a 52-week high of $90.06 was reached on 09/27/24, a 52-week low of $61.14 was recorded on 02/02/24. SMA at 50 days reached $82.65, while 200 days put it at $77.25.

Levels Of Support And Resistance For DD Stock

The 24-hour chart illustrates a support level at 86.31, which if violated will result in even more drops to 85.78. On the upside, there is a resistance level at 87.14. A further resistance level may holdings at 87.44. The Relative Strength Index (RSI) on the 14-day chart is 57.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.25%. Stochastics %K at 42.22% indicates the stock is a holding.

How much short interest is there in DuPont de Nemours Inc?

A steep rise in short interest was recorded in DuPont de Nemours Inc stocks on 2024-09-30, growing by 0.49 million shares to a total of 4.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.82 million shares. There was a rise of 11.36%, which implies that there is a positive sentiment for the stock.

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