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DHT Holdings Inc [NYSE: DHT] Sees Increase in Stock Value

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. DHT Holdings Inc shares valued at $307,027 were purchased by Kramer Jeremy on Aug 19 ’24. At $11.36 per share, Kramer Jeremy acquired 27,027 shares.

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As published in their initiating research note from BTIG Research on October 15, 2024, DHT Holdings Inc [DHT] has been a Buy and the price target has been revised to $16. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of October 19, 2023, Stifel has decreased its “Buy” rating to a “Hold” for DHT. Earlier on May 04, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for DHT stock which previously was a “a Buy”.

Analyzing DHT Stock Performance

During the last five days, there has been a surge of approximately 2.08%. Over the course of the year, DHT Holdings Inc shares have jumped approximately 10.09%. Shares of the company reached a 52-week high of $12.80 on 05/20/24 and a 52-week low of $9.84 on 01/02/24. A 50-day SMA is recorded $10.92, while a 200-day SMA reached $11.24. Nevertheless, trading volume fell to 1.87 million shares from 1.61 million shares the previous day.

Support And Resistance Levels for DHT Holdings Inc (DHT)

According to the 24-hour chart, there is a support level at 10.63, which, if violated, would cause prices to drop to 10.47. In the upper region, resistance lies at 11.01. The next price resistance is at 11.21. RSI (Relative Strength Index) is 52.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 22.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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