Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dorman Products Inc shares valued at $734,406 were sold by Leff Scott on Nov 05 ’24. At $132.66 per share, Leff Scott sold 5,536 shares. The insider’s holdings dropped to 13,336 shares worth approximately $1.83 million following the completion of this transaction.
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Also, Leff Scott purchased 5,536 shares, netting a total of over 734,405 in proceeds.
Before that, DARBY JEFFERY had sold 2,400 shares from its account. In a trade valued at $299,952, the SVP, Sales and Marketing traded Dorman Products Inc shares for $124.98 each. Upon closing the transaction, the insider’s holdings decreased to 2,400 shares, worth approximately $2.39 million.
As published in their initiating research note from CJS Securities on September 13, 2024, Dorman Products Inc [DORM] has been a Market outperform and the price target has been revised to $134. Analysts at MKM Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of February 22, 2022, Barrington Research has increased its “Mkt perform” rating to a “an Outperform” for DORM. Earlier on March 19, 2020, CL King upgraded its rating. Their new recommendation was “a Buy” for DORM stock which previously was a “a Neutral”.
Analyzing DORM Stock Performance
During the last five days, there has been a surge of approximately 18.29%. Over the course of the year, Dorman Products Inc shares have jumped approximately 64.15%. Shares of the company reached a 52-week high of $146.60 on 11/06/24 and a 52-week low of $79.20 on 01/08/24. A 50-day SMA is recorded $114.98, while a 200-day SMA reached $98.41. Nevertheless, trading volume fell to 0.47 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Dorman Products Inc (DORM)
According to the 24-hour chart, there is a support level at 132.74, which, if violated, would cause prices to drop to 128.56. In the upper region, resistance lies at 143.85. The next price resistance is at 150.78. RSI (Relative Strength Index) is 81.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 15.51, which suggests the price will increase in the coming days. Percent R is at 28.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
