Diodes, Inc’s recent filing unveils that its SVP Worldwide Sales/Marketing Yang Emily unloaded Company’s shares for reported $70484.0 on Aug 30 ’24. In the deal valued at $70.48 per share,1,000 shares were sold. As a result of this transaction, Yang Emily now holds 59,820 shares worth roughly $3.84 million.
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Then, Whitmire Brett R sold 1,900 shares, generating $132,974 in total proceeds. Upon selling the shares at $69.99, the CFO now owns 46,365 shares.
Before that, Yang Emily bought 1,000 shares. Diodes, Inc shares valued at $70,484 were divested by the Officer at a price of $70.48 per share.
TD Cowen reiterated its Diodes, Inc [DIOD] rating to an Outperform in a research note published on February 07, 2024; the price target was $85. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Robert W. Baird also remained covering DIOD and has decreased its forecast on October 31, 2023 with a “Neutral” recommendation from previously “an Outperform” rating.
Price Performance Review of DIOD
On Friday, Diodes, Inc [NASDAQ:DIOD] saw its stock jump 2.31% to $64.23. Over the last five days, the stock has gained 6.77%. Diodes, Inc shares have fallen nearly -20.23% since the year began. Nevertheless, the stocks have fallen -3.79% over the past one year. While a 52-week high of $86.74 was reached on 07/16/24, a 52-week low of $58.44 was recorded on 11/01/24. SMA at 50 days reached $62.61, while 200 days put it at $68.93.
Levels Of Support And Resistance For DIOD Stock
The 24-hour chart illustrates a support level at 61.75, which if violated will result in even more drops to 59.27. On the upside, there is a resistance level at 66.06. A further resistance level may holdings at 67.89. The Relative Strength Index (RSI) on the 14-day chart is 53.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.66%. Stochastics %K at 63.23% indicates the stock is a holding.
How much short interest is there in Diodes, Inc?
A steep rise in short interest was recorded in Diodes, Inc stocks on 2024-10-15, dropping by -0.18 million shares to a total of 2.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.28 million shares. There was a decline of -8.6%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 06, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $110.
