Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Daktronics Inc shares valued at $204,486 were sold by Kurtenbach Matthew John on Oct 03 ’24. At $13.28 per share, Kurtenbach Matthew John sold 15,400 shares. The insider’s holdings dropped to 2,500 shares worth approximately $38500.0 following the completion of this transaction.
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Also, Wiemann Bradley T sold 25,000 shares, netting a total of over 322,250 in proceeds. Following the sale of shares at $12.89 each, the insider now holds 85,446 shares.
Before that, Wiemann Bradley T had added 25,000 shares to its account. In a trade valued at $312,500, the Officer bought Daktronics Inc shares for $12.50 each.
As published in their initiating research note from Sidoti on January 24, 2018, Daktronics Inc [DAKT] has been a Neutral and the price target has been revised to $10. Analysts at Sidoti downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of September 23, 2015, Needham has increased its “Hold” rating to a “Buy” for DAKT. Earlier on November 20, 2013, Griffin Securities resumed its rating. Their recommendation was “a Buy” for DAKT stock.
Analyzing DAKT Stock Performance
During the last five days, there has been a surge of approximately 7.32%. Over the course of the year, Daktronics Inc shares have jumped approximately 81.60%. Shares of the company reached a 52-week high of $15.97 on 08/26/24 and a 52-week low of $7.20 on 02/07/24. A 50-day SMA is recorded $13.63, while a 200-day SMA reached $12.06. Nevertheless, trading volume fell to 0.26 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Daktronics Inc (DAKT)
According to the 24-hour chart, there is a support level at 15.18, which, if violated, would cause prices to drop to 14.96. In the upper region, resistance lies at 15.54. The next price resistance is at 15.68. RSI (Relative Strength Index) is 65.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 3.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
