The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Denny’s Corp shares valued at $65,299 were purchased by Verostek Robert P. on Jun 14 ’24. At $6.53 per share, Verostek Robert P. acquired 10,000 shares. The insider’s holdings grew to 24,000 shares worth approximately $0.17 million following the completion of this transaction.
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Also, Gilmore Jay C purchased 12,000 shares, netting a total of over 78,118 in proceeds. Following the buying of shares at $6.51 each, the insider now holds 121,227 shares.
Before that, LAUDERBACK BRENDA J had sold 11,145 shares from its account. In a trade valued at $82,009, the Director traded Denny’s Corp shares for $7.36 each. Upon closing the transaction, the insider’s holdings decreased to 11,145 shares, worth approximately $0.11 million.
As published in a research note from Citigroup on October 25, 2024, Denny’s Corp [DENN] has been rated up from a Neutral to a Buy and the price target has been revised to $7.50 from $7. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of December 21, 2022, Wedbush has decreased its “an Outperform” rating to a “Neutral” for DENN. Earlier on August 29, 2022, CL King initiated its rating. Their recommendation was “a Buy” for DENN stock.
Analyzing DENN Stock Performance
During the last five days, there has been a surge of approximately 10.45%. Over the course of the year, Denny’s Corp shares have dropped approximately -34.93%. Shares of the company reached a 52-week high of $11.16 on 01/29/24 and a 52-week low of $5.37 on 10/22/24. A 50-day SMA is recorded $6.40, while a 200-day SMA reached $7.57. Nevertheless, trading volume fell to 0.62 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Denny’s Corp (DENN)
According to the 24-hour chart, there is a support level at 6.92, which, if violated, would cause prices to drop to 6.76. In the upper region, resistance lies at 7.34. The next price resistance is at 7.60. RSI (Relative Strength Index) is 59.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 27.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
