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Investing in Direct Digital Holdings Inc (DRCT) Is Getting More Attractive

Direct Digital Holdings Inc’s recently made public that its Director Leatherberry Antoinette Renee unloaded Company’s shares for reported $5982.0 on Dec 18 ’24. In the deal valued at $0.85 per share,7,038 shares were sold. As a result of this transaction, Leatherberry Antoinette Renee now holds 55,812 shares worth roughly $0.31 million.

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Then, Locke Mistelle sold 7,048 shares, generating $5,991 in total proceeds. Upon selling the shares at $0.85, the Director now owns 30,201 shares.

Before that, Cohen Richard sold 7,057 shares. Direct Digital Holdings Inc shares valued at $5,998 were divested by the Director at a price of $0.85 per share. As a result of the transaction, Cohen Richard now holds 55,905 shares, worth roughly $0.31 million.

Noble Capital Markets downgraded its Direct Digital Holdings Inc [DRCT] rating to a Market perform from a an Outperform in a research note published recently.

Price Performance Review of DRCT

On Monday, Direct Digital Holdings Inc [NASDAQ:DRCT] saw its stock jump 900.00% to $5.50. Over the last five days, the stock has gained 732.07%. Direct Digital Holdings Inc shares have fallen nearly -63.04% since the year began. Nevertheless, the stocks have fallen -60.60% over the past one year. While a 52-week high of $35.88 was reached on 03/18/24, a 52-week low of $0.51 was recorded on 12/20/24. SMA at 50 days reached $1.9200, while 200 days put it at $5.2100.

Levels Of Support And Resistance For DRCT Stock

The 24-hour chart illustrates a support level at 2.2300. On the upside, there is a resistance level at 7.1300. A further resistance level may holdings at 8.7700. The Relative Strength Index (RSI) on the 14-day chart is 86.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.1100, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 36.59% indicates the stock is a holding.

How much short interest is there in Direct Digital Holdings Inc?

A steep rise in short interest was recorded in Direct Digital Holdings Inc stocks on 2024-10-31, growing by 6699.0 shares to a total of 0.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.11 million shares. There was a rise of 5.57%, which implies that there is a positive sentiment for the stock.

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