Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Designer Brands Inc shares valued at $155,625 were sold by Haley Mark on Oct 11 ’24. At $6.04 per share, Haley Mark sold 25,787 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, SONNENBERG HARVEY L sold 22,000 shares, netting a total of over 145,640 in proceeds. Following the sale of shares at $6.62 each, the insider now holds 3,180 shares.
Before that, SONNENBERG HARVEY L had added 22,000 shares to its account. In a trade valued at $131,780, the Director bought Designer Brands Inc shares for $5.99 each.
As published in a research note from Telsey Advisory Group on September 12, 2024, Designer Brands Inc [DBI] has been retained to a Market perform and the price target has been revised to $6. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early June. As of December 06, 2023, Telsey Advisory Group has reiterated its “Market perform” rating for DBI. Earlier on May 27, 2021, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for DBI stock.
Analyzing DBI Stock Performance
During the last five days, there has been a surge of approximately 5.74%. Over the course of the year, Designer Brands Inc shares have dropped approximately -29.27%. Shares of the company reached a 52-week high of $11.56 on 03/20/24 and a 52-week low of $4.36 on 09/11/24. A 50-day SMA is recorded $6.68, while a 200-day SMA reached $8.31. Nevertheless, trading volume fell to 0.83 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Designer Brands Inc (DBI)
According to the 24-hour chart, there is a support level at 6.18, which, if violated, would cause prices to drop to 6.10. In the upper region, resistance lies at 6.30. The next price resistance is at 6.34. RSI (Relative Strength Index) is 47.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 67.42%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
