The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Deckers Outdoor Corp. shares valued at $1,533,031 were sold by Fasching Steven J. on Oct 04 ’24. At $166.67 per share, Fasching Steven J. sold 9,198 shares. The insider’s holdings dropped to 161,838 shares worth approximately $24.61 million following the completion of this transaction.
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Also, Fasching Steven J. purchased 9,198 shares, netting a total of over 1,533,030 in proceeds.
Before that, Powers David had sold 3,912 shares from its account. In a trade valued at $3,376,369, the Director traded Deckers Outdoor Corp. shares for $863.08 each. Upon closing the transaction, the insider’s holdings decreased to 3,912 shares, worth approximately $10.35 million.
As published in a research note from BTIG Research on October 22, 2024, Deckers Outdoor Corp. [DECK] has been rated down from a Buy to a Neutral. Analysts at Guggenheim started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of October 08, 2024, Truist has reiterated its “Buy” rating for DECK. Earlier on October 07, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for DECK stock which previously was a “a Buy”.
Analyzing DECK Stock Performance
During the last five days, there has been a drop of approximately -5.16%. Over the course of the year, Deckers Outdoor Corp. shares have jumped approximately 36.47%. Shares of the company reached a 52-week high of $184.48 on 06/03/24 and a 52-week low of $108.65 on 01/05/24. A 50-day SMA is recorded $156.52, while a 200-day SMA reached $150.48. Nevertheless, trading volume fell to 3.46 million shares from 2.48 million shares the previous day.
Support And Resistance Levels for Deckers Outdoor Corp. (DECK)
According to the 24-hour chart, there is a support level at 150.91, which, if violated, would cause prices to drop to 149.78. In the upper region, resistance lies at 153.20. The next price resistance is at 154.35. RSI (Relative Strength Index) is 41.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.48, which suggests the price will decrease in the coming days. Percent R is at 88.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
