DoorDash Inc’s filing revealed that its CHIEF EXECUTIVE OFFICER Xu Tony unloaded Company’s shares for reported $19.51 million on Nov 26 ’24. In the deal valued at $180.07 per share,108,334 shares were sold. As a result of this transaction, Xu Tony now holds 1,500 shares worth roughly $0.27 million.
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Then, GORDON LEE bought 2,045 shares, generating $366,075 in total proceeds.
Before that, Adarkar Prabir sold 37,974 shares. DoorDash Inc shares valued at $6,688,167 were divested by the PRESIDENT AND COO at a price of $176.12 per share. As a result of the transaction, Adarkar Prabir now holds 925,222 shares, worth roughly $166.98 million.
Keefe Bruyette upgraded its DoorDash Inc [DASH] rating to an Outperform from a a Mkt perform in a research note published recently. BTIG Research also remained covering DASH and has increased its forecast on September 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. Cantor Fitzgerald started covering the stock on September 05, 2024. It rated DASH as “an Overweight”.
Price Performance Review of DASH
On Friday, DoorDash Inc [NASDAQ:DASH] saw its stock jump 1.14% to $180.48. Over the last five days, the stock has gained 4.22%. DoorDash Inc shares have risen nearly 82.51% since the year began. Nevertheless, the stocks have risen 90.06% over the past one year. While a 52-week high of $181.30 was reached on 11/26/24, a 52-week low of $92.58 was recorded on 01/04/24. SMA at 50 days reached $157.33, while 200 days put it at $130.50.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 178.21, which if violated will result in even more drops to 175.93. On the upside, there is a resistance level at 181.73. A further resistance level may holdings at 182.97. The Relative Strength Index (RSI) on the 14-day chart is 72.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.11%. Stochastics %K at 83.76% indicates the stock is a selling.
How much short interest is there in DoorDash Inc?
A steep rise in short interest was recorded in DoorDash Inc stocks on 2024-11-15, dropping by -0.71 million shares to a total of 11.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 12.34 million shares. There was a decline of -6.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 26, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $170 price target.
