Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dynatrace Inc shares valued at $275,000 were sold by LIFSHATZ STEPHEN J on Oct 11 ’24. At $55.00 per share, LIFSHATZ STEPHEN J sold 5,000 shares. The insider’s holdings dropped to 41,471 shares worth approximately $2.23 million following the completion of this transaction.
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Also, LIFSHATZ STEPHEN J purchased 5,000 shares, netting a total of over 275,000 in proceeds.
Before that, MCCONNELL RICK M had sold 50,000 shares from its account. In a trade valued at $2,575,105, the Chief Executive Officer traded Dynatrace Inc shares for $51.50 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $35.0 million.
Analysts at Exane BNP Paribas started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of October 07, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for DT. Earlier on June 27, 2024, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for DT stock.
Analyzing DT Stock Performance
During the last five days, there has been a drop of approximately -0.61%. Over the course of the year, Dynatrace Inc shares have dropped approximately -1.63%. Shares of the company reached a 52-week high of $61.41 on 02/05/24 and a 52-week low of $39.42 on 08/05/24. A 50-day SMA is recorded $52.37, while a 200-day SMA reached $48.86. Nevertheless, trading volume fell to 2.11 million shares from 1.62 million shares the previous day.
Support And Resistance Levels for Dynatrace Inc (DT)
According to the 24-hour chart, there is a support level at 53.36, which, if violated, would cause prices to drop to 52.93. In the upper region, resistance lies at 54.60. The next price resistance is at 55.41. RSI (Relative Strength Index) is 51.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 69.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
