Dave Inc’s recently made public that its Director Preston Dan unloaded Company’s shares for reported $0.77 million on Nov 13 ’24. In the deal valued at $79.09 per share,9,765 shares were sold. As a result of this transaction, Preston Dan now holds 22,995 shares worth roughly $1.98 million.
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Then, Preston Dan sold 2,360 shares, generating $151,040 in total proceeds. Upon selling the shares at $64.00, the Director now owns 22,995 shares.
Before that, Section 32 Fund 1, LP sold 1,000,000 shares. Dave Inc shares valued at $40,600,000 were divested by the 10% Owner at a price of $40.60 per share. As a result of the transaction, Section 32 Fund 1, LP now holds 1,028,232 shares, worth roughly $88.7 million.
The Benchmark Company initiated its Dave Inc [DAVE] rating to a Buy in a research note published on August 12, 2024; the price target was $53. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Seaport Research Partners began covering DAVE with “Buy” recommendation on June 10, 2024. B. Riley Securities started covering the stock on June 07, 2024. It rated DAVE as “a Buy”.
Price Performance Review of DAVE
On Friday, Dave Inc [NASDAQ:DAVE] saw its stock jump 4.66% to $86.26. Over the last five days, the stock has gained 7.74%. Dave Inc shares have risen nearly 928.74% since the year began. Nevertheless, the stocks have risen 1440.36% over the past one year. While a 52-week high of $94.96 was reached on 11/13/24, a 52-week low of $5.60 was recorded on 01/02/24. SMA at 50 days reached $48.87, while 200 days put it at $39.49.
Levels Of Support And Resistance For DAVE Stock
The 24-hour chart illustrates a support level at 82.85, which if violated will result in even more drops to 79.43. On the upside, there is a resistance level at 89.83. A further resistance level may holdings at 93.39. The Relative Strength Index (RSI) on the 14-day chart is 74.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.15%. Stochastics %K at 77.85% indicates the stock is a holding.
How much short interest is there in Dave Inc?
A steep rise in short interest was recorded in Dave Inc stocks on 2024-10-31, dropping by -0.27 million shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.14 million shares. There was a decline of -14.59%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 29, 2024 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $70 price target.
