Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Donegal Group Inc shares valued at $206,000 were purchased by BIXENMAN DENNIS JOSEPH on Nov 27 ’24. At $16.48 per share, BIXENMAN DENNIS JOSEPH acquired 12,500 shares.
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Also, PANDEY SANJAY sold 3,766 shares, netting a total of over 62,153 in proceeds. Following the sale of shares at $16.50 each, the insider now holds 6,871 shares.
Before that, DONEGAL MUTUAL INSURANCE CO had added 8,500 shares to its account. In a trade valued at $137,636, the 10% Owner bought Donegal Group Inc shares for $16.19 each. Upon closing the transaction, the insider’s holdings increased to 8,500 shares, worth approximately $208.88 million.
As published in their initiating research note from Janney on December 20, 2023, Donegal Group Inc [DGICA] has been a Neutral and the price target has been revised to $15. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid November. As of November 01, 2017, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for DGICA. Earlier on October 31, 2017, Boenning & Scattergood upgraded its rating. Their new recommendation was “an Outperform” for DGICA stock which previously was a “a Neutral”.
Analyzing DGICA Stock Performance
During the last five days, there has been a surge of approximately 3.33%. Over the course of the year, Donegal Group Inc shares have jumped approximately 17.44%. Shares of the company reached a 52-week high of $16.65 on 11/26/24 and a 52-week low of $12.26 on 06/26/24. A 50-day SMA is recorded $15.18, while a 200-day SMA reached $14.17. Nevertheless, trading volume fell to 0.12 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Donegal Group Inc (DGICA)
According to the 24-hour chart, there is a support level at 16.21, which, if violated, would cause prices to drop to 16.00. In the upper region, resistance lies at 16.62. The next price resistance is at 16.82. RSI (Relative Strength Index) is 70.45 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 10.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
