DoorDash Inc’s recent filing unveils that its Director THE AF LIVING TRUST acquired Company’s shares for reported $52.12 million on Jan 10 ’25. In the deal valued at $173.72 per share,300,000 shares were bought.
Then, Xu Tony sold 108,332 shares, generating $18,454,304 in total proceeds. Upon selling the shares at $170.35, the CHIEF EXECUTIVE OFFICER now owns 1,500 shares.
Before that, Tang Stanley sold 50,000 shares. DoorDash Inc shares valued at $8,517,229 were divested by the Director at a price of $170.34 per share. As a result of the transaction, Tang Stanley now holds 0 shares, worth roughly $0.0.
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 fall -2.07% to $170.12. Over the last five days, the stock has lost -0.31%. DoorDash Inc shares have risen nearly 1.41% since the year began. Nevertheless, the stocks have risen 65.08% over the past one year. While a 52-week high of $181.78 was reached on 01/07/25, a 52-week low of $97.02 was recorded on 01/10/25. SMA at 50 days reached $171.70, while 200 days put it at $136.58.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 167.91, which if violated will result in even more drops to 165.70. On the upside, there is a resistance level at 172.24. A further resistance level may holdings at 174.35. The Relative Strength Index (RSI) on the 14-day chart is 47.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.76%. Stochastics %K at 63.72% 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.
