Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DuPont de Nemours Inc shares valued at $252,385 were sold by Larrabee Steven P. on May 31 ’24. At $81.41 per share, Larrabee Steven P. sold 3,100 shares. The insider’s holdings dropped to 35,337 shares worth approximately $2.94 million following the completion of this transaction.
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Also, Kemp Jon D. sold 5,000 shares, netting a total of over 405,774 in proceeds. Following the sale of shares at $81.15 each, the insider now holds 102,004 shares.
Before that, Goss Michael G. had sold 1,339 shares from its account. In a trade valued at $104,884, the Controller traded DuPont de Nemours Inc shares for $78.33 each. Upon closing the transaction, the insider’s holdings decreased to 1,339 shares, worth approximately $1.16 million.
As published in a research note from Barclays on October 07, 2024, DuPont de Nemours Inc [DD] has been rated down from an Equal weight to an Underweight and the price target has been revised to $84 from $88. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of May 24, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for DD. Earlier on May 23, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for DD stock which previously was a “a Market perform”.
Analyzing DD Stock Performance
During the last five days, there has been a drop of approximately -4.05%. Over the course of the year, DuPont de Nemours Inc shares have jumped approximately 7.99%. Shares of the company reached a 52-week high of $90.06 on 09/27/24 and a 52-week low of $61.14 on 02/02/24. A 50-day SMA is recorded $84.37, while a 200-day SMA reached $78.59. Nevertheless, trading volume fell to 1.82 million shares from 1.81 million shares the previous day.
Support And Resistance Levels for DuPont de Nemours Inc (DD)
According to the 24-hour chart, there is a support level at 82.62, which, if violated, would cause prices to drop to 82.17. In the upper region, resistance lies at 83.72. The next price resistance is at 84.37. RSI (Relative Strength Index) is 46.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.73, which suggests the price will decrease in the coming days. Percent R is at 73.18%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
