Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DoorDash Inc shares valued at $2,068,830 were sold by Sherringham Tia on Dec 02 ’24. At $176.91 per share, Sherringham Tia sold 11,694 shares. The insider’s holdings dropped to 134,223 shares worth approximately $23.74 million following the completion of this transaction.
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Also, Tang Stanley sold 50,000 shares, netting a total of over 8,843,918 in proceeds. Following the sale of shares at $176.88 each, the insider now holds 0 shares.
Before that, Xu Tony had sold 115,432 shares from its account. In a trade valued at $20,432,888, the CHIEF EXECUTIVE OFFICER traded DoorDash Inc shares for $177.01 each. Upon closing the transaction, the insider’s holdings decreased to 115,432 shares, worth approximately $0.27 million.
As published in a research note from Keefe Bruyette on September 25, 2024, DoorDash Inc [DASH] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $177. As of September 19, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for DASH. Earlier on September 05, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for DASH stock.
Analyzing DASH Stock Performance
During the last five days, there has been a drop of approximately -1.19%. Over the course of the year, DoorDash Inc shares have jumped approximately 78.87%. Shares of the company reached a 52-week high of $181.30 on 11/26/24 and a 52-week low of $93.33 on 01/04/24. A 50-day SMA is recorded $159.49, while a 200-day SMA reached $131.36. Nevertheless, trading volume fell to 2.48 million shares from 4.9 million shares the previous day.
Support And Resistance Levels for DoorDash Inc (DASH)
According to the 24-hour chart, there is a support level at 175.42, which, if violated, would cause prices to drop to 173.97. In the upper region, resistance lies at 178.39. The next price resistance is at 179.91. RSI (Relative Strength Index) is 63.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 32.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
