Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dave Inc shares valued at $40,600,000 were sold by Section 32 Fund 1, LP on Oct 09 ’24. At $40.60 per share, Section 32 Fund 1, LP sold 1,000,000 shares. The insider’s holdings dropped to 1,028,232 shares worth approximately $47.17 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, POPE MICHAEL W sold 7,851 shares, netting a total of over 285,128 in proceeds. Following the sale of shares at $36.32 each, the insider now holds 29,914 shares.
Before that, POPE MICHAEL W had sold 7,851 shares from its account. In a trade valued at $278,973, the Director traded Dave Inc shares for $35.53 each. Upon closing the transaction, the insider’s holdings decreased to 7,851 shares, worth approximately $1.01 million.
As published in their initiating research note from The Benchmark Company on August 12, 2024, Dave Inc [DAVE] has been a Buy and the price target has been revised to $53. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of June 10, 2024, Seaport Research Partners has initiated its “Buy” rating for DAVE. Earlier on June 07, 2024, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for DAVE stock.
Analyzing DAVE Stock Performance
During the last five days, there has been a surge of approximately 14.93%. Over the course of the year, Dave Inc shares have jumped approximately 447.05%. Shares of the company reached a 52-week high of $63.50 on 05/07/24 and a 52-week low of $7.73 on 01/02/24. A 50-day SMA is recorded $39.85, while a 200-day SMA reached $36.24. Nevertheless, trading volume fell to 1.68 million shares from 2.99 million shares the previous day.
Support And Resistance Levels for Dave Inc (DAVE)
According to the 24-hour chart, there is a support level at 41.38, which, if violated, would cause prices to drop to 36.90. In the upper region, resistance lies at 48.21. The next price resistance is at 50.56. RSI (Relative Strength Index) is 62.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 2.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
