Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Daktronics Inc shares valued at $40,766 were sold by Friel John Patrick on Dec 12 ’24. At $18.17 per share, Friel John Patrick sold 2,244 shares. The insider’s holdings dropped to 87,573 shares worth approximately $1.48 million following the completion of this transaction.
Also, Kurtenbach Matthew John sold 7,707 shares, netting a total of over 64,539 in proceeds. Following the sale of shares at $8.37 each, the insider now holds 210,609 shares.
Before that, Kurtenbach Reece A had sold 8,048 shares from its account. In a trade valued at $150,921, the Chairman, President and CEO traded Daktronics Inc shares for $18.75 each. Upon closing the transaction, the insider’s holdings decreased to 8,048 shares, worth approximately $7.92 million.
As published in their initiating research note from Sidoti on January 24, 2018, Daktronics Inc [DAKT] has been a Neutral and the price target has been revised to $10. Analysts at Sidoti downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of September 23, 2015, Needham has increased its “Hold” rating to a “Buy” for DAKT. Earlier on November 20, 2013, Griffin Securities resumed its rating. Their recommendation was “a Buy” for DAKT stock.
Analyzing DAKT Stock Performance
During the last five days, there has been a surge of approximately 1.08%. Over the course of the year, Daktronics Inc shares have jumped approximately 98.82%. Shares of the company reached a 52-week high of $19.89 on 12/06/24 and a 52-week low of $7.20 on 02/07/24. A 50-day SMA is recorded $15.59, while a 200-day SMA reached $13.04. Nevertheless, trading volume fell to 1.01 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Daktronics Inc (DAKT)
According to the 24-hour chart, there is a support level at 16.70, which, if violated, would cause prices to drop to 16.55. In the upper region, resistance lies at 17.11. The next price resistance is at 17.37. RSI (Relative Strength Index) is 51.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 84.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
