Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Deckers Outdoor Corp shares valued at $208,617 were sold by Ogbechie Angela on Oct 31 ’24. At $163.24 per share, Ogbechie Angela sold 1,278 shares. The insider’s holdings dropped to 29,628 shares worth approximately $5.08 million following the completion of this transaction.
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Also, Ogbechie Angela purchased 1,278 shares, netting a total of over 215,534 in proceeds.
Before that, Fasching Steven J. had sold 9,198 shares from its account. In a trade valued at $1,533,031, the Chief Financial Officer traded Deckers Outdoor Corp shares for $166.67 each. Upon closing the transaction, the insider’s holdings decreased to 9,198 shares, worth approximately $27.73 million.
As published in a research note from Telsey Advisory Group on October 25, 2024, Deckers Outdoor Corp [DECK] has been retained to an Outperform and the price target has been revised to $190. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of October 09, 2024, Guggenheim has initiated its “Neutral” rating for DECK. Earlier on October 08, 2024, Truist resumed its rating. Their recommendation was “a Buy” for DECK stock.
Analyzing DECK Stock Performance
During the last five days, there has been a surge of approximately 6.50%. Over the course of the year, Deckers Outdoor Corp shares have jumped approximately 53.80%. Shares of the company reached a 52-week high of $184.48 on 06/03/24 and a 52-week low of $108.65 on 01/05/24. A 50-day SMA is recorded $157.85, while a 200-day SMA reached $152.67. Nevertheless, trading volume fell to 1.76 million shares from 2.04 million shares the previous day.
Support And Resistance Levels for Deckers Outdoor Corp (DECK)
According to the 24-hour chart, there is a support level at 167.42, which, if violated, would cause prices to drop to 163.50. In the upper region, resistance lies at 174.34. The next price resistance is at 177.34. RSI (Relative Strength Index) is 61.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.12, which suggests the price will increase in the coming days. Percent R is at 9.02%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
