DoorDash Inc’s filing revealed that its Director TONY XU acquired Company’s shares for reported $47.42 million on Dec 16 ’24. In the deal valued at $175.09 per share,270,846 shares were bought.
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Then, Fang Andy sold 50,000 shares, generating $8,833,100 in total proceeds. Upon selling the shares at $176.66, the Director now owns 0 shares.
Before that, Fang Andy sold 50,000 shares. DoorDash Inc shares valued at $8,737,320 were divested by the Director at a price of $174.75 per share. As a result of the transaction, Fang Andy now holds 0 shares, worth roughly $0.0.
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 Tuesday, DoorDash Inc [NASDAQ:DASH] saw its stock fall -1.39% to $177.00. Over the last five days, the stock has gained 1.78%. DoorDash Inc shares have risen nearly 78.99% since the year began. Nevertheless, the stocks have risen 74.26% over the past one year. While a 52-week high of $181.30 was reached on 12/17/24, a 52-week low of $93.33 was recorded on 01/04/24. SMA at 50 days reached $165.52, while 200 days put it at $133.76.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 175.27, which if violated will result in even more drops to 173.53. On the upside, there is a resistance level at 180.26. A further resistance level may holdings at 183.51. The Relative Strength Index (RSI) on the 14-day chart is 57.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.48%. Stochastics %K at 58.22% indicates the stock is a holding.
How much short interest is there in DoorDash Inc?
A steep rise in short interest was recorded in DoorDash Inc stocks on 2024-11-29, dropping by -1.48 million shares to a total of 9.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.19 million shares. There was a decline of -15.27%, 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.
