Dave Inc’s recent filing unveils that its 10% Owner Section 32 Fund 1, LP unloaded Company’s shares for reported $40.6 million on Oct 09 ’24. In the deal valued at $40.60 per share,1,000,000 shares were sold. As a result of this transaction, Section 32 Fund 1, LP now holds 1,028,232 shares worth roughly $43.83 million.
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Then, POPE MICHAEL W sold 7,851 shares, generating $285,128 in total proceeds. Upon selling the shares at $36.32, the Director now owns 29,914 shares.
Before that, POPE MICHAEL W sold 7,851 shares. Dave Inc shares valued at $278,973 were divested by the Director at a price of $35.53 per share. As a result of the transaction, POPE MICHAEL W now holds 22,063 shares, worth roughly $0.94 million.
The Benchmark Company initiated its Dave Inc [DAVE] rating to a Buy in a research note published on August 12, 2024; the price target was $53. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Seaport Research Partners began covering DAVE with “Buy” recommendation on June 10, 2024. B. Riley Securities started covering the stock on June 07, 2024. It rated DAVE as “a Buy”.
Price Performance Review of DAVE
On Friday, Dave Inc [NASDAQ:DAVE] saw its stock fall -0.37% to $42.63. Over the last five days, the stock has lost -2.63%. Dave Inc shares have risen nearly 408.41% since the year began. Nevertheless, the stocks have risen 719.81% over the past one year. While a 52-week high of $63.50 was reached on 05/07/24, a 52-week low of $4.72 was recorded on 01/02/24. SMA at 50 days reached $38.87, while 200 days put it at $34.33.
Levels Of Support And Resistance For DAVE Stock
The 24-hour chart illustrates a support level at 40.79, which if violated will result in even more drops to 38.96. On the upside, there is a resistance level at 43.91. A further resistance level may holdings at 45.20. The Relative Strength Index (RSI) on the 14-day chart is 52.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 60.98%. Stochastics %K at 58.81% indicates the stock is a holding.
How much short interest is there in Dave Inc?
A steep rise in short interest was recorded in Dave Inc stocks on 2024-09-30, growing by 0.26 million shares to a total of 2.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.87 million shares. There was a rise of 12.37%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 29, 2024 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $70 price target.
