Dnow Inc’s filing revealed that its Director Paul & Belinda Coppinger Trust acquired Company’s shares for reported $0.4 million on Dec 02 ’24. In the deal valued at $15.15 per share,26,186 shares were bought.
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Then, COPPINGER PAUL M sold 26,186 shares, generating $401,955 in total proceeds. Upon selling the shares at $15.35, the Director now owns 56,568 shares.
Before that, Surratt Fanny R. sold 3,500 shares. Dnow Inc shares valued at $44,310 were divested by the insider at a price of $12.66 per share. As a result of the transaction, Surratt Fanny R. now holds 43,648 shares, worth roughly $0.6 million.
The Benchmark Company initiated its Dnow Inc [DNOW] rating to a Buy in a research note published on July 08, 2022; the price target was $13. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in early November from “an Equal-weight” to “an Overweight”. Stifel also remained covering DNOW and has increased its forecast on July 16, 2021 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on February 19, 2021. It rated DNOW as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of DNOW
On Tuesday, Dnow Inc [NYSE:DNOW] saw its stock fall -3.29% to $13.80. Over the last five days, the stock has lost -7.26%. Dnow Inc shares have risen nearly 21.91% since the year began. Nevertheless, the stocks have risen 25.00% over the past one year. While a 52-week high of $15.65 was reached on 07/31/24, a 52-week low of $9.44 was recorded on 02/13/24. SMA at 50 days reached $13.63, while 200 days put it at $13.76.
Levels Of Support And Resistance For DNOW Stock
The 24-hour chart illustrates a support level at 13.61, which if violated will result in even more drops to 13.43. On the upside, there is a resistance level at 14.14. A further resistance level may holdings at 14.49. The Relative Strength Index (RSI) on the 14-day chart is 38.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.18%. Stochastics %K at 8.11% indicates the stock is a buying.
How much short interest is there in Dnow Inc?
A steep rise in short interest was recorded in Dnow Inc stocks on 2024-11-29, growing by 0.27 million shares to a total of 3.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.07 million shares. There was a rise of 8.23%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 18, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $13.
