The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Designer Brands Inc shares valued at $1,407,500 were purchased by Stone House Capital Management on Dec 10 ’24. At $5.63 per share, Stone House Capital Management acquired 250,000 shares. The insider’s holdings grew to 5,000,000 shares worth approximately $27.2 million following the completion of this transaction.
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Also, Haley Mark sold 25,787 shares, netting a total of over 155,625 in proceeds. Following the sale of shares at $6.04 each, the insider now holds 0 shares.
Before that, SONNENBERG HARVEY L had sold 22,000 shares from its account. In a trade valued at $145,640, the Director traded Designer Brands Inc shares for $6.62 each. Upon closing the transaction, the insider’s holdings decreased to 22,000 shares, worth approximately $17299.2.
As published in a research note from Telsey Advisory Group on September 12, 2024, Designer Brands Inc [DBI] has been retained to a Market perform and the price target has been revised to $6. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early June. As of December 06, 2023, Telsey Advisory Group has reiterated its “Market perform” rating for DBI. Earlier on May 27, 2021, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for DBI stock.
Analyzing DBI Stock Performance
During the last five days, there has been a drop of approximately -8.72%. Over the course of the year, Designer Brands Inc shares have dropped approximately -38.53%. Shares of the company reached a 52-week high of $11.56 on 03/20/24 and a 52-week low of $4.36 on 09/11/24. A 50-day SMA is recorded $5.47, while a 200-day SMA reached $7.42. Nevertheless, trading volume fell to 0.65 million shares from 1.21 million shares the previous day.
Support And Resistance Levels for Designer Brands Inc (DBI)
According to the 24-hour chart, there is a support level at 5.27, which, if violated, would cause prices to drop to 5.10. In the upper region, resistance lies at 5.53. The next price resistance is at 5.61. RSI (Relative Strength Index) is 47.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 57.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
