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. Digi International, Inc shares valued at $92,836 were sold by Schneider Terrence G. on Nov 29 ’24. At $33.06 per share, Schneider Terrence G. sold 2,808 shares. The insider’s holdings dropped to 39,002 shares worth approximately $1.14 million following the completion of this transaction.
Also, Schneider Terrence G. sold 521 shares, netting a total of over 17,207 in proceeds. Following the sale of shares at $33.03 each, the insider now holds 35,536 shares.
Before that, Schneider Terrence G. had added 15,407 shares to its account. In a trade valued at $508,431, the Officer bought Digi International, Inc shares for $33.00 each.
As published in a research note from Craig Hallum on November 14, 2024, Digi International, Inc [DGII] has been rated down from a Buy to a Hold and the price target has been revised to $32 from $28. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of November 15, 2023, B. Riley Securities has initiated its “Buy” rating for DGII. Earlier on September 08, 2022, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for DGII stock.
Analyzing DGII Stock Performance
During the last five days, there has been a drop of approximately -3.44%. Over the course of the year, Digi International, Inc shares have dropped approximately -3.44%. Shares of the company reached a 52-week high of $30.50 on 01/02/25 and a 52-week low of $28.35 on 01/08/25. A 50-day SMA is recorded $31.57, while a 200-day SMA reached $28.22. Nevertheless, trading volume fell to 0.14 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for Digi International, Inc (DGII)
According to the 24-hour chart, there is a support level at 28.60, which, if violated, would cause prices to drop to 28.00. In the upper region, resistance lies at 29.54. The next price resistance is at 29.89. RSI (Relative Strength Index) is 34.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.00, which suggests the price will decrease in the coming days. Percent R is at 84.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
