DoorDash Inc’s recently made public that its Director TONY XU acquired Company’s shares for reported $75.88 million on Nov 04 ’24. In the deal valued at $155.66 per share,487,494 shares were bought.
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Then, Inukonda Ravi sold 7,000 shares, generating $1,089,038 in total proceeds. Upon selling the shares at $155.58, the CHIEF FINANCIAL OFFICER now owns 395,212 shares.
Before that, Xu Tony sold 81,249 shares. DoorDash Inc shares valued at $12,014,314 were divested by the CHIEF EXECUTIVE OFFICER at a price of $147.87 per share. As a result of the transaction, Xu Tony now holds 0 shares, worth roughly $0.0.
Keefe Bruyette upgraded its DoorDash Inc [DASH] rating to an Outperform from a a Mkt perform in a research note published recently. BTIG Research also remained covering DASH and has increased its forecast on September 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. Cantor Fitzgerald started covering the stock on September 05, 2024. It rated DASH as “an Overweight”.
Price Performance Review of DASH
On Monday, DoorDash Inc [NASDAQ:DASH] saw its stock jump 1.02% to $157.24. Over the last five days, the stock has gained 2.52%. DoorDash Inc shares have risen nearly 59.00% since the year began. Nevertheless, the stocks have risen 79.11% over the past one year. While a 52-week high of $165.07 was reached on 10/31/24, a 52-week low of $83.58 was recorded on 01/04/24. SMA at 50 days reached $140.97, while 200 days put it at $124.84.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 154.09, which if violated will result in even more drops to 150.94. On the upside, there is a resistance level at 158.87. A further resistance level may holdings at 160.50. The Relative Strength Index (RSI) on the 14-day chart is 73.36, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.09%. Stochastics %K at 57.99% indicates the stock is a holding.
How much short interest is there in DoorDash Inc?
A steep rise in short interest was recorded in DoorDash Inc stocks on 2024-10-15, dropping by -0.83 million shares to a total of 12.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 13.17 million shares. There was a decline of -6.72%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 26, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $170 price target.
