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. Designer Brands Inc shares valued at $2,763,692 were purchased by Stone House Capital Management on Jan 10 ’25. At $5.65 per share, Stone House Capital Management acquired 489,149 shares. The insider’s holdings grew to 5,489,149 shares worth approximately $31.4 million following the completion of this transaction.
Also, Stone House Capital Management purchased 10,851 shares, netting a total of over 57,293 in proceeds. Following the buying of shares at $5.28 each, the insider now holds 5,500,000 shares.
Before that, Stone House Capital Management had added 250,000 shares to its account. In a trade valued at $1,407,500, the Member of a 10% Group bought Designer Brands Inc shares for $5.63 each. Upon closing the transaction, the insider’s holdings increased to 250,000 shares, worth approximately $28.6 million.
As published in a research note from Telsey Advisory Group on September 12, 2024, Designer Brands Inc [DBI] has been retained to a Market perform and the price target has been revised to $6. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early June. As of December 06, 2023, Telsey Advisory Group has reiterated its “Market perform” rating for DBI. Earlier on May 27, 2021, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for DBI stock.
Analyzing DBI Stock Performance
During the last five days, there has been a drop of approximately -3.54%. Over the course of the year, Designer Brands Inc shares have jumped approximately 7.12%. Shares of the company reached a 52-week high of $6.15 on 01/15/25 and a 52-week low of $5.07 on 01/13/25. A 50-day SMA is recorded $5.45, while a 200-day SMA reached $6.95. Nevertheless, trading volume fell to 1.52 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Designer Brands Inc (DBI)
According to the 24-hour chart, there is a support level at 5.55, which, if violated, would cause prices to drop to 5.39. In the upper region, resistance lies at 5.82. The next price resistance is at 5.93. RSI (Relative Strength Index) is 52.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.12, which suggests the price will decrease in the coming days. Percent R is at 40.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
