Dycom Industries, Inc.’s filing revealed that its VP and CHRO Lawson Jason T unloaded Company’s shares for reported $0.15 million on Jul 11 ’24. In the deal valued at $174.48 per share,856 shares were sold. As a result of this transaction, Lawson Jason T now holds 6,937 shares worth roughly $1.24 million.
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Then, Lawson Jason T sold 220 shares, generating $30,859 in total proceeds. Upon selling the shares at $140.27, the VP and CHRO now owns 7,793 shares.
Before that, VILLAVERDE SHARON sold 2,268 shares. Dycom Industries, Inc. shares valued at $231,563 were divested by the VP & Chief Accounting Officer at a price of $102.10 per share. As a result of the transaction, VILLAVERDE SHARON now holds 6,524 shares, worth roughly $1.17 million.
B. Riley Securities upgraded its Dycom Industries, Inc. [DY] rating to a Buy from a a Neutral in a research note published on March 08, 2024; the price target was increased to $172 from $101. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Raymond James also remained covering DY and has increased its forecast on October 20, 2023 with a “Strong buy” recommendation from previously “an Outperform” rating. BofA Securities started covering the stock on October 03, 2023. It rated DY as “a Buy”.
Price Performance Review of DY
On Tuesday, Dycom Industries, Inc. [NYSE:DY] saw its stock fall -4.85% to $179.24. Over the last five days, the stock has lost -8.59%. Dycom Industries, Inc. shares have risen nearly 55.74% since the year began. Nevertheless, the stocks have risen 111.69% over the past one year. While a 52-week high of $207.20 was reached on 10/21/24, a 52-week low of $78.42 was recorded on 01/05/24. SMA at 50 days reached $186.91, while 200 days put it at $159.57.
Levels Of Support And Resistance For DY Stock
The 24-hour chart illustrates a support level at 175.88, which if violated will result in even more drops to 172.51. On the upside, there is a resistance level at 184.73. A further resistance level may holdings at 190.21. The Relative Strength Index (RSI) on the 14-day chart is 36.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.75%. Stochastics %K at 18.55% indicates the stock is a buying.
How much short interest is there in Dycom Industries, Inc.?
A steep rise in short interest was recorded in Dycom Industries, Inc. stocks on 2024-10-15, dropping by -0.31 million shares to a total of 0.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.2 million shares. There was a decline of -35.41%, which implies that there is a negative sentiment for the stock.
