Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dycom Industries, Inc shares valued at $507,732 were sold by Pruitt Peter T Jr on Jan 10 ’25. At $175.08 per share, Pruitt Peter T Jr sold 2,900 shares. The insider’s holdings dropped to 14,533 shares worth approximately $2.77 million following the completion of this transaction.
Also, Pruitt Peter T Jr purchased 2,900 shares, netting a total of over 507,723 in proceeds.
Before that, Fritzsche Jennifer M had sold 430 shares from its account. In a trade valued at $74,437, the Director traded Dycom Industries, Inc shares for $173.11 each. Upon closing the transaction, the insider’s holdings decreased to 430 shares, worth approximately $1.69 million.
As published in a research note from B. Riley Securities on March 08, 2024, Dycom Industries, Inc [DY] has been rated up from a Neutral to a Buy and the price target has been revised to $172 from $101. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of October 20, 2023, Raymond James has increased its “an Outperform” rating to a “Strong buy” for DY. Earlier on October 03, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for DY stock.
Analyzing DY Stock Performance
During the last five days, there has been a surge of approximately 7.46%. Over the course of the year, Dycom Industries, Inc shares have jumped approximately 9.53%. Shares of the company reached a 52-week high of $192.21 on 01/15/25 and a 52-week low of $171.82 on 01/13/25. A 50-day SMA is recorded $181.69, while a 200-day SMA reached $174.20. Nevertheless, trading volume fell to 0.42 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Dycom Industries, Inc (DY)
According to the 24-hour chart, there is a support level at 186.42, which, if violated, would cause prices to drop to 182.19. In the upper region, resistance lies at 193.54. The next price resistance is at 196.43. RSI (Relative Strength Index) is 62.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.90, which suggests the price will increase in the coming days. Percent R is at 7.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
