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Potential Price Increase for Dominos Pizza Inc (DPZ) After Recent Insider Activity

Dominos Pizza Inc’s recently made public that its Officer MORRIS KEVIN SCOTT acquired Company’s shares for reported $1.21 million on Nov 15 ’24. In the deal valued at $459.00 per share,2,646 shares were bought.

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Then, Cantor Diana F sold 3,000 shares, generating $1,366,594 in total proceeds. Upon selling the shares at $455.53, the Director now owns 6,319 shares.

Before that, MORRIS KEVIN SCOTT sold 200 shares. Dominos Pizza Inc shares valued at $91,800 were divested by the EVP, Gen’l Counsel, Secretary at a price of $459.00 per share. As a result of the transaction, MORRIS KEVIN SCOTT now holds 4,612 shares, worth roughly $1.99 million.

Loop Capital upgraded its Dominos Pizza Inc [DPZ] rating to a Buy from a a Hold in a research note published on November 08, 2024; the price target was increased to $559 from $419. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early September has reiterated a ‘”an Outperform”‘ rating for it. Robert W. Baird also remained covering DPZ and has increased its forecast on July 08, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Goldman started covering the stock on June 13, 2024. It rated DPZ as “a Buy”.

Price Performance Review of DPZ

On Friday, Dominos Pizza Inc [NYSE:DPZ] saw its stock fall -1.27% to $430.43. Over the last five days, the stock has lost -6.37%. Dominos Pizza Inc shares have risen nearly 4.42% since the year began. Nevertheless, the stocks have risen 12.85% over the past one year. While a 52-week high of $542.75 was reached on 04/30/24, a 52-week low of $367.24 was recorded on 01/08/24. SMA at 50 days reached $423.61, while 200 days put it at $458.50.

Levels Of Support And Resistance For DPZ Stock

The 24-hour chart illustrates a support level at 419.86, which if violated will result in even more drops to 409.29. On the upside, there is a resistance level at 450.62. A further resistance level may holdings at 470.80. The Relative Strength Index (RSI) on the 14-day chart is 49.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 59.03%. Stochastics %K at 49.89% indicates the stock is a holding.

How much short interest is there in Dominos Pizza Inc?

A steep rise in short interest was recorded in Dominos Pizza Inc stocks on 2024-10-31, growing by 0.23 million shares to a total of 2.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.84 million shares. There was a rise of 11.15%, which implies that there is a positive sentiment for the stock.

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