Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dolby Laboratories Inc shares valued at $2,113,383 were sold by YEAMAN KEVIN J on Oct 15 ’24. At $74.12 per share, YEAMAN KEVIN J sold 28,512 shares. The insider’s holdings dropped to 83,721 shares worth approximately $6.86 million following the completion of this transaction.
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Also, YEAMAN FAMILY TRUST U/A DTD 05 purchased 28,512 shares, netting a total of over 2,113,381 in proceeds.
Before that, YEAMAN KEVIN J had added 3 shares to its account. In a trade valued at $200, the President and CEO bought Dolby Laboratories Inc shares for $78.15 each. Upon closing the transaction, the insider’s holdings increased to 3 shares, worth approximately $245.94.
As published in a research note from Barrington Research on June 03, 2024, Dolby Laboratories Inc [DLB] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $100. Analysts at Barrington Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid November. As of May 24, 2022, Rosenblatt has initiated its “Buy” rating for DLB. Earlier on August 02, 2021, Barrington Research upgraded its rating. Their new recommendation was “an Outperform” for DLB stock which previously was a “a Mkt perform”.
Analyzing DLB Stock Performance
During the last five days, there has been a surge of approximately 11.49%. Over the course of the year, Dolby Laboratories Inc shares have dropped approximately -4.87%. Shares of the company reached a 52-week high of $86.37 on 01/24/24 and a 52-week low of $66.35 on 08/12/24. A 50-day SMA is recorded $73.94, while a 200-day SMA reached $77.58. Nevertheless, trading volume fell to 1.5 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Dolby Laboratories Inc (DLB)
According to the 24-hour chart, there is a support level at 76.73, which, if violated, would cause prices to drop to 71.48. In the upper region, resistance lies at 84.83. The next price resistance is at 87.68. RSI (Relative Strength Index) is 72.10 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 3.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
