Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Direct Digital Holdings Inc shares valued at $8,237 were sold by Walker Mark D on Nov 26 ’24. At $1.30 per share, Walker Mark D sold 6,336 shares. The insider’s holdings dropped to 44,314 shares worth approximately $53619.939999999995 following the completion of this transaction.
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Also, Walker Mark D sold 6,000 shares, netting a total of over 8,040 in proceeds. Following the sale of shares at $1.34 each, the insider now holds 50,650 shares.
Before that, Walker Mark D had sold 5,000 shares from its account. In a trade valued at $6,500, the Chairman and CEO traded Direct Digital Holdings Inc shares for $1.30 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $68546.5.
As published in a research note from Noble Capital Markets on March 27, 2024, Direct Digital Holdings Inc [DRCT] has been rated down from an Outperform to a Market perform.
Analyzing DRCT Stock Performance
During the last five days, there has been a drop of approximately -8.33%. Over the course of the year, Direct Digital Holdings Inc shares have dropped approximately -91.87%. Shares of the company reached a 52-week high of $35.8840 on 03/18/24 and a 52-week low of $1.1500 on 11/21/24. A 50-day SMA is recorded $2.2981, while a 200-day SMA reached $6.7958. Nevertheless, trading volume fell to 90523.0 shares from 0.14 million shares the previous day.
Support And Resistance Levels for Direct Digital Holdings Inc (DRCT)
According to the 24-hour chart, there is a support level at 1.1583, which, if violated, would cause prices to drop to 1.1067. In the upper region, resistance lies at 1.3033. The next price resistance is at 1.3967. RSI (Relative Strength Index) is 30.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.4069, which suggests the price will decrease in the coming days. Percent R is at 96.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
