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. Deckers Outdoor Corp shares valued at $992,858 were sold by Ellerker Marco on Nov 20 ’24. At $175.20 per share, Ellerker Marco sold 5,667 shares. The insider’s holdings dropped to 29,895 shares worth approximately $5.44 million following the completion of this transaction.
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Also, Garcia Thomas sold 18,000 shares, netting a total of over 3,155,040 in proceeds. Following the sale of shares at $175.28 each, the insider now holds 63,642 shares.
Before that, Stefano Caroti had sold 15,000 shares from its account. In a trade valued at $2,635,950, the President & CEO traded Deckers Outdoor Corp shares for $175.73 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $49.76 million.
As published in a research note from Telsey Advisory Group on October 25, 2024, Deckers Outdoor Corp [DECK] has been retained to an Outperform and the price target has been revised to $190. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of October 09, 2024, Guggenheim has initiated its “Neutral” rating for DECK. Earlier on October 08, 2024, Truist resumed its rating. Their recommendation was “a Buy” for DECK stock.
Analyzing DECK Stock Performance
During the last five days, there has been a surge of approximately 2.86%. Over the course of the year, Deckers Outdoor Corp shares have jumped approximately 63.29%. Shares of the company reached a 52-week high of $184.48 on 06/03/24 and a 52-week low of $108.65 on 01/05/24. A 50-day SMA is recorded $163.14, while a 200-day SMA reached $154.87. Nevertheless, trading volume fell to 2.66 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Deckers Outdoor Corp (DECK)
According to the 24-hour chart, there is a support level at 177.36, which, if violated, would cause prices to drop to 172.81. In the upper region, resistance lies at 184.22. The next price resistance is at 186.53. RSI (Relative Strength Index) is 69.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.31, which suggests the price will increase in the coming days. Percent R is at 1.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
