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. DuPont de Nemours Inc shares valued at $511,942 were sold by Kemp Jon D. on Nov 26 ’24. At $83.92 per share, Kemp Jon D. sold 6,100 shares. The insider’s holdings dropped to 83,550 shares worth approximately $6.45 million following the completion of this transaction.
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Also, Kemp Jon D. purchased 6,100 shares, netting a total of over 511,917 in proceeds.
Before that, Larrabee Steven P. had sold 3,100 shares from its account. In a trade valued at $252,385, the SVP & CIO traded DuPont de Nemours Inc shares for $81.41 each. Upon closing the transaction, the insider’s holdings decreased to 3,100 shares, worth approximately $2.73 million.
As published in a research note from Barclays on October 07, 2024, DuPont de Nemours Inc [DD] has been rated down from an Equal weight to an Underweight and the price target has been revised to $84 from $88. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of May 24, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for DD. Earlier on May 23, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for DD stock which previously was a “a Market perform”.
Analyzing DD Stock Performance
During the last five days, there has been a drop of approximately -0.49%. Over the course of the year, DuPont de Nemours Inc shares have jumped approximately 0.40%. Shares of the company reached a 52-week high of $90.06 on 09/27/24 and a 52-week low of $61.14 on 02/02/24. A 50-day SMA is recorded $82.48, while a 200-day SMA reached $80.40. Nevertheless, trading volume fell to 0.97 million shares from 2.11 million shares the previous day.
Support And Resistance Levels for DuPont de Nemours Inc (DD)
According to the 24-hour chart, there is a support level at 76.81, which, if violated, would cause prices to drop to 76.39. In the upper region, resistance lies at 77.58. The next price resistance is at 77.93. RSI (Relative Strength Index) is 30.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.60, which suggests the price will decrease in the coming days. Percent R is at 90.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
