Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dynatrace Inc shares valued at $1,598,466 were sold by MCCONNELL RICK M on Nov 11 ’24. At $53.28 per share, MCCONNELL RICK M sold 30,000 shares. The insider’s holdings dropped to 620,587 shares worth approximately $32.56 million following the completion of this transaction.
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Also, LIFSHATZ STEPHEN J sold 2,500 shares, netting a total of over 137,500 in proceeds. Following the sale of shares at $55.00 each, the insider now holds 38,971 shares.
Before that, LIFSHATZ STEPHEN J had added 2,500 shares to its account. In a trade valued at $137,500, the Director bought Dynatrace Inc shares for $55.00 each.
As published in a research note from BMO Capital Markets on November 08, 2024, Dynatrace Inc [DT] has been retained to an Outperform and the price target has been revised to $61. As of October 08, 2024, Exane BNP Paribas has initiated its “Neutral” rating for DT. Earlier on October 07, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for DT stock which previously was a “an Equal weight”.
Analyzing DT Stock Performance
During the last five days, there has been a drop of approximately -2.60%. Over the course of the year, Dynatrace Inc shares have dropped approximately -4.06%. Shares of the company reached a 52-week high of $61.41 on 02/05/24 and a 52-week low of $39.42 on 08/05/24. A 50-day SMA is recorded $53.34, while a 200-day SMA reached $48.46. Nevertheless, trading volume fell to 4.77 million shares from 3.95 million shares the previous day.
Support And Resistance Levels for Dynatrace Inc (DT)
According to the 24-hour chart, there is a support level at 51.54, which, if violated, would cause prices to drop to 50.60. In the upper region, resistance lies at 53.06. The next price resistance is at 53.64. RSI (Relative Strength Index) is 45.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.67, which suggests the price will decrease in the coming days. Percent R is at 67.40%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
