Digi International, Inc’s recently made public that its Director Khanuja Satbir unloaded Company’s shares for reported $0.22 million on Nov 21 ’24. In the deal valued at $31.76 per share,7,000 shares were sold. As a result of this transaction, Khanuja Satbir now holds 83,255 shares worth roughly $2.74 million.
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Then, Khanuja Satbir bought 7,000 shares, generating $220,500 in total proceeds.
Before that, Sampsell David H. sold 18,750 shares. Digi International, Inc shares valued at $584,861 were divested by the VP, CORP. DEV, GC & CORP. SEC. at a price of $31.19 per share. As a result of the transaction, Sampsell David H. now holds 77,585 shares, worth roughly $2.56 million.
Craig Hallum downgraded its Digi International, Inc [DGII] rating to a Hold from a a Buy in a research note published on November 14, 2024; the price target was increased to $32 from $28. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late May from “an Overweight” to “a Neutral”. B. Riley Securities began covering DGII with “Buy” recommendation on November 15, 2023. Cantor Fitzgerald started covering the stock on September 08, 2022. It rated DGII as “an Overweight”.
Price Performance Review of DGII
On Friday, Digi International, Inc [NASDAQ:DGII] saw its stock jump 4.67% to $32.95. Over the last five days, the stock has gained 4.90%. Digi International, Inc shares have risen nearly 26.73% since the year began. Nevertheless, the stocks have risen 34.00% over the past one year. While a 52-week high of $34.08 was reached on 11/14/24, a 52-week low of $20.17 was recorded on 08/05/24. SMA at 50 days reached $29.65, while 200 days put it at $27.89.
Levels Of Support And Resistance For DGII Stock
The 24-hour chart illustrates a support level at 31.97, which if violated will result in even more drops to 30.98. On the upside, there is a resistance level at 33.57. A further resistance level may holdings at 34.18. The Relative Strength Index (RSI) on the 14-day chart is 65.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.72%. Stochastics %K at 58.55% indicates the stock is a holding.
How much short interest is there in Digi International, Inc?
A steep rise in short interest was recorded in Digi International, Inc stocks on 2024-10-31, growing by 95701.0 shares to a total of 2.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.74 million shares. There was a rise of 3.37%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 02, 2022 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $36 price target.
