Digi International, Inc’s recent filing unveils that its VP, SUPPLY CHAIN Schneider Terrence G. unloaded Company’s shares for reported $92836.0 on Nov 29 ’24. In the deal valued at $33.06 per share,2,808 shares were sold. As a result of this transaction, Schneider Terrence G. now holds 39,002 shares worth roughly $1.2 million.
Then, Schneider Terrence G. sold 521 shares, generating $17,207 in total proceeds. Upon selling the shares at $33.03, the VP, SUPPLY CHAIN now owns 35,536 shares.
Before that, Schneider Terrence G. bought 15,407 shares. Digi International, Inc shares valued at $508,431 were divested by the Officer at a price of $33.00 per share.
Craig Hallum downgraded its Digi International, Inc [DGII] rating to a Hold from a a Buy in a research note published on November 14, 2024; the price target was increased to $32 from $28. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late May from “an Overweight” to “a Neutral”. B. Riley Securities began covering DGII with “Buy” recommendation on November 15, 2023. Cantor Fitzgerald started covering the stock on September 08, 2022. It rated DGII as “an Overweight”.
Price Performance Review of DGII
On Friday, Digi International, Inc [NASDAQ:DGII] saw its stock fall -4.68% to $30.74. Over the last five days, the stock has lost -7.30%. Digi International, Inc shares have risen nearly 18.23% since the year began. Nevertheless, the stocks have risen 23.40% over the past one year. While a 52-week high of $34.82 was reached on 12/12/24, a 52-week low of $20.17 was recorded on 08/05/24. SMA at 50 days reached $31.60, while 200 days put it at $28.20.
Levels Of Support And Resistance For DGII Stock
The 24-hour chart illustrates a support level at 30.11, which if violated will result in even more drops to 29.48. On the upside, there is a resistance level at 31.95. A further resistance level may holdings at 33.15. The Relative Strength Index (RSI) on the 14-day chart is 39.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.79%. Stochastics %K at 12.68% indicates the stock is a buying.
How much short interest is there in Digi International, Inc?
A steep rise in short interest was recorded in Digi International, Inc stocks on 2024-11-29, dropping by -0.28 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.84 million shares. There was a decline of -10.93%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 02, 2022 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $36 price target.
