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. DallasNews Corporation shares valued at $150,000 were purchased by DECHERD ROBERT W on Sep 10 ’24. At $6.00 per share, DECHERD ROBERT W acquired 25,000 shares. The insider’s holdings grew to 515,533 shares worth approximately $2.76 million following the completion of this transaction.
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Also, MURRAY MARY K purchased 5,102 shares, netting a total of over 19,562 in proceeds. Following the buying of shares at $3.83 each, the insider now holds 13,060 shares.
Before that, MURRAY MARY K had added 1,589 shares to its account. In a trade valued at $5,974, the President, Treasurer Secretary bought DallasNews Corporation shares for $3.76 each. Upon closing the transaction, the insider’s holdings increased to 1,589 shares, worth approximately $42575.299999999996.
Analyzing DALN Stock Performance
During the last five days, there has been a drop of approximately -3.95%. Over the course of the year, DallasNews Corporation shares have jumped approximately 25.88%. Shares of the company reached a 52-week high of $6.47 on 11/13/24 and a 52-week low of $2.98 on 07/22/24. A 50-day SMA is recorded $4.77, while a 200-day SMA reached $4.09. Nevertheless, trading volume fell to 0.65 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for DallasNews Corporation (DALN)
According to the 24-hour chart, there is a support level at 4.89, which, if violated, would cause prices to drop to 4.44. In the upper region, resistance lies at 6.01. The next price resistance is at 6.68. RSI (Relative Strength Index) is 52.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 73.68%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
