The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Donaldson Co. Inc shares valued at $314,952 were sold by SCALF THOMAS R on Oct 07 ’24. At $73.33 per share, SCALF THOMAS R sold 4,295 shares. The insider’s holdings dropped to 30,834 shares worth approximately $2.25 million following the completion of this transaction.
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Also, SCALF THOMAS R sold 2,500 shares, netting a total of over 182,900 in proceeds. Following the sale of shares at $73.16 each, the insider now holds 28,334 shares.
Before that, SCALF THOMAS R had added 2,500 shares to its account. In a trade valued at $182,800, the Officer bought Donaldson Co. Inc shares for $73.12 each.
As published in their initiating research note from Raymond James on June 28, 2024, Donaldson Co. Inc [DCI] has been a Mkt perform. Analysts at Morgan Stanley started covering the stock with ‘”an Underweight”‘ outlook in a report released in early January. As of June 28, 2023, Citigroup has initiated its “Neutral” rating for DCI. Earlier on October 02, 2020, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for DCI stock which previously was a “a Neutral”.
Analyzing DCI Stock Performance
During the last five days, there has been a drop of approximately -5.95%. Over the course of the year, Donaldson Co. Inc shares have jumped approximately 11.74%. Shares of the company reached a 52-week high of $78.95 on 11/25/24 and a 52-week low of $61.79 on 01/09/24. A 50-day SMA is recorded $75.04, while a 200-day SMA reached $73.28. Nevertheless, trading volume fell to 0.76 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Donaldson Co. Inc (DCI)
According to the 24-hour chart, there is a support level at 72.54, which, if violated, would cause prices to drop to 72.06. In the upper region, resistance lies at 73.57. The next price resistance is at 74.12. RSI (Relative Strength Index) is 37.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.09, which suggests the price will decrease in the coming days. Percent R is at 87.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
