Desktop Metal Inc’s recent filing unveils that its CHIEF OPERATING OFFICER Nogueira Thomas unloaded Company’s shares for reported $30360.0 on Aug 12 ’24. In the deal valued at $4.16 per share,7,298 shares were sold. As a result of this transaction, Nogueira Thomas now holds 39,247 shares worth roughly $0.16 million.
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Then, THOMAS NOGUEIRA bought 7,298 shares, generating $30,367 in total proceeds.
Before that, Cole Jason M sold 24,064 shares. Desktop Metal Inc shares valued at $101,791 were divested by the CFO & TREASURER at a price of $4.23 per share. As a result of the transaction, Cole Jason M now holds 69,352 shares, worth roughly $0.29 million.
Morgan Stanley initiated its Desktop Metal Inc [DM] rating to an Equal-weight in a research note published on January 06, 2023; the price target was $1.75. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Credit Suisse began covering DM with “Neutral” recommendation on August 17, 2022. Lake Street revised its rating on January 10, 2022. It rated DM as “a Buy” which previously was an “a Hold”.
Price Performance Review of DM
On Tuesday, Desktop Metal Inc [NYSE:DM] saw its stock fall -5.66% to $4.17. Over the last five days, the stock has lost -14.20%. Desktop Metal Inc shares have fallen nearly -44.47% since the year began. Nevertheless, the stocks have fallen -46.68% over the past one year. While a 52-week high of $11.80 was reached on 04/09/24, a 52-week low of $3.62 was recorded on 06/18/24. SMA at 50 days reached $4.72, while 200 days put it at $5.71.
Levels Of Support And Resistance For DM Stock
The 24-hour chart illustrates a support level at 4.09, which if violated will result in even more drops to 4.00. On the upside, there is a resistance level at 4.33. A further resistance level may holdings at 4.48. The Relative Strength Index (RSI) on the 14-day chart is 17.45, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.73%. Stochastics %K at 19.43% indicates the stock is a buying.
How much short interest is there in Desktop Metal Inc?
A steep rise in short interest was recorded in Desktop Metal Inc stocks on 2024-10-15, growing by 0.13 million shares to a total of 2.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.65 million shares. There was a rise of 4.63%, which implies that there is a positive sentiment for the stock.
