Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dana Inc shares valued at $61,040 were sold by Kellett James D on May 16 ’24. At $14.01 per share, Kellett James D sold 4,357 shares. The insider’s holdings dropped to 6,279 shares worth approximately $78613.08 following the completion of this transaction.
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As published in a research note from Deutsche Bank on December 09, 2024, Dana Inc [DAN] has been rated up from a Hold to a Buy and the price target has been revised to $19 from $9. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early December. As of December 02, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for DAN. Earlier on September 20, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for DAN stock which previously was a “an Equal weight”.
Analyzing DAN Stock Performance
During the last five days, there has been a surge of approximately 1.95%. Over the course of the year, Dana Inc shares have dropped approximately -14.31%. Shares of the company reached a 52-week high of $14.89 on 01/02/24 and a 52-week low of $7.58 on 11/05/24. A 50-day SMA is recorded $10.03, while a 200-day SMA reached $11.53. Nevertheless, trading volume fell to 1.58 million shares from 1.91 million shares the previous day.
Support And Resistance Levels for Dana Inc (DAN)
According to the 24-hour chart, there is a support level at 12.31, which, if violated, would cause prices to drop to 12.11. In the upper region, resistance lies at 12.85. The next price resistance is at 13.18. RSI (Relative Strength Index) is 70.73 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.46, which suggests the price will increase in the coming days. Percent R is at 16.15%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
