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Potential Price Increase for Dynatrace Inc (DT) After Recent Insider Activity

In a filing, Dynatrace Inc revealed its Director LIFSHATZ STEPHEN J unloaded Company’s shares for reported $0.28 million on Oct 11 ’24. In the deal valued at $55.00 per share,5,000 shares were sold. As a result of this transaction, LIFSHATZ STEPHEN J now holds 41,471 shares worth roughly $2.26 million.

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Then, LIFSHATZ STEPHEN J bought 5,000 shares, generating $275,000 in total proceeds.

Before that, MCCONNELL RICK M sold 50,000 shares. Dynatrace Inc shares valued at $2,575,105 were divested by the Chief Executive Officer at a price of $51.50 per share. As a result of the transaction, MCCONNELL RICK M now holds 650,587 shares, worth roughly $35.38 million.

A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Barclays also remained covering DT and has increased its forecast on October 07, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Piper Sandler started covering the stock on June 27, 2024. It rated DT as “a Neutral”.

Price Performance Review of DT

On Monday, Dynatrace Inc [NYSE:DT] saw its stock fall -0.87% to $54.38. Over the last five days, the stock has lost -0.42%. Dynatrace Inc shares have fallen nearly -0.57% since the year began. Nevertheless, the stocks have risen 14.24% over the past one year. While a 52-week high of $61.41 was reached on 02/05/24, a 52-week low of $39.42 was recorded on 08/05/24. SMA at 50 days reached $51.53, while 200 days put it at $48.89.

Levels Of Support And Resistance For DT Stock

The 24-hour chart illustrates a support level at 53.80, which if violated will result in even more drops to 53.22. On the upside, there is a resistance level at 55.10. A further resistance level may holdings at 55.83. The Relative Strength Index (RSI) on the 14-day chart is 60.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.68%. Stochastics %K at 71.21% indicates the stock is a holding.

How much short interest is there in Dynatrace Inc?

A steep rise in short interest was recorded in Dynatrace Inc stocks on 2024-09-30, growing by 2.55 million shares to a total of 7.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.94 million shares. There was a rise of 34.06%, which implies that there is a positive sentiment for the stock.

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