Dnow Inc’s filing revealed that its insider Surratt Fanny R. unloaded Company’s shares for reported $44310.0 on Aug 12 ’24. In the deal valued at $12.66 per share,3,500 shares were sold. As a result of this transaction, Surratt Fanny R. now holds 43,648 shares worth roughly $0.65 million.
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Then, Chang Raymond W sold 93,284 shares, generating $1,260,267 in total proceeds. Upon selling the shares at $13.51, the VP and General Counsel now owns 283,837 shares.
Before that, Cherechinsky David A sold 123,881 shares. Dnow Inc shares valued at $1,681,065 were divested by the President and CEO at a price of $13.57 per share. As a result of the transaction, Cherechinsky David A now holds 775,559 shares, worth roughly $11.51 million.
The Benchmark Company initiated its Dnow Inc [DNOW] rating to a Buy in a research note published on July 08, 2022; the price target was $13. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in early November from “an Equal-weight” to “an Overweight”. Stifel also remained covering DNOW and has increased its forecast on July 16, 2021 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on February 19, 2021. It rated DNOW as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of DNOW
On Monday, Dnow Inc [NYSE:DNOW] saw its stock jump 4.14% to $14.84. Over the last five days, the stock has gained 25.02%. Dnow Inc shares have risen nearly 31.10% since the year began. Nevertheless, the stocks have risen 46.21% over the past one year. While a 52-week high of $15.65 was reached on 07/31/24, a 52-week low of $9.44 was recorded on 02/13/24. SMA at 50 days reached $12.50, while 200 days put it at $13.36.
Levels Of Support And Resistance For DNOW Stock
The 24-hour chart illustrates a support level at 14.48, which if violated will result in even more drops to 14.12. On the upside, there is a resistance level at 15.05. A further resistance level may holdings at 15.26. The Relative Strength Index (RSI) on the 14-day chart is 78.19, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.79%. Stochastics %K at 88.22% indicates the stock is a selling.
How much short interest is there in Dnow Inc?
A steep rise in short interest was recorded in Dnow Inc stocks on 2024-10-15, dropping by -0.5 million shares to a total of 3.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.89 million shares. There was a decline of -14.61%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 18, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $13.
