Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DoorDash Inc shares valued at $875,000 were sold by Brown Shona L on Nov 11 ’24. At $175.00 per share, Brown Shona L sold 5,000 shares. The insider’s holdings dropped to 55,186 shares worth approximately $9.59 million following the completion of this transaction.
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Also, SHONA L. BROWN LIVING TRUST U/ purchased 5,000 shares, netting a total of over 857,000 in proceeds.
Before that, Xu Tony had sold 81,249 shares from its account. In a trade valued at $12,717,348, the CHIEF EXECUTIVE OFFICER traded DoorDash Inc shares for $156.52 each. Upon closing the transaction, the insider’s holdings decreased to 81,249 shares, worth approximately $0.0.
As published in a research note from Keefe Bruyette on September 25, 2024, DoorDash Inc [DASH] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $177. As of September 19, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for DASH. Earlier on September 05, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for DASH stock.
Analyzing DASH Stock Performance
During the last five days, there has been a surge of approximately 1.88%. Over the course of the year, DoorDash Inc shares have jumped approximately 75.75%. Shares of the company reached a 52-week high of $178.16 on 11/13/24 and a 52-week low of $93.33 on 01/04/24. A 50-day SMA is recorded $148.09, while a 200-day SMA reached $127.43. Nevertheless, trading volume fell to 2.14 million shares from 2.73 million shares the previous day.
Support And Resistance Levels for DoorDash Inc (DASH)
According to the 24-hour chart, there is a support level at 172.44, which, if violated, would cause prices to drop to 171.08. In the upper region, resistance lies at 175.97. The next price resistance is at 178.14. RSI (Relative Strength Index) is 79.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.67, which suggests the price will increase in the coming days. Percent R is at 16.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
