DoorDash Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Xu Tony unloaded Company’s shares for reported $18.45 million on Jan 02 ’25. In the deal valued at $170.35 per share,108,332 shares were sold. As a result of this transaction, Xu Tony now holds 1,500 shares worth roughly $0.26 million.
Then, Tang Stanley sold 50,000 shares, generating $8,517,229 in total proceeds. Upon selling the shares at $170.34, the Director now owns 0 shares.
Before that, Inukonda Ravi sold 7,000 shares. DoorDash Inc shares valued at $1,185,239 were divested by the CHIEF FINANCIAL OFFICER at a price of $169.32 per share. As a result of the transaction, Inukonda Ravi now holds 366,993 shares, worth roughly $64.21 million.
Argus upgraded its DoorDash Inc [DASH] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late September from “a Mkt perform” to “an Outperform”. BTIG Research revised its rating on September 19, 2024. It rated DASH as “a Buy” which previously was an “a Neutral”.
Price Performance Review of DASH
On Friday, DoorDash Inc [NASDAQ:DASH] saw its stock jump 2.53% to $174.96. Over the last five days, the stock has gained 2.57%. DoorDash Inc shares have risen nearly 4.30% since the year began. Nevertheless, the stocks have risen 86.58% over the past one year. While a 52-week high of $181.78 was reached on 01/03/25, a 52-week low of $93.33 was recorded on 01/02/25. SMA at 50 days reached $170.15, while 200 days put it at $135.88.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 172.91, which if violated will result in even more drops to 170.86. On the upside, there is a resistance level at 176.01. A further resistance level may holdings at 177.05. The Relative Strength Index (RSI) on the 14-day chart is 55.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.79%. Stochastics %K at 39.36% indicates the stock is a holding.
How much short interest is there in DoorDash Inc?
A steep rise in short interest was recorded in DoorDash Inc stocks on 2024-12-13, dropping by -1.37 million shares to a total of 10.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 11.63 million shares. There was a decline of -13.37%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 05, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $160 price target.
