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. Leonardo DRS Inc shares valued at $112,575 were sold by Baylouny John on Jan 08 ’25. At $31.90 per share, Baylouny John sold 3,529 shares. The insider’s holdings dropped to 78,334 shares worth approximately $2.77 million following the completion of this transaction.
Also, Baylouny John purchased 3,529 shares, netting a total of over 112,575 in proceeds.
Before that, Baylouny John had sold 8,235 shares from its account. In a trade valued at $284,108, the EVP and COO traded Leonardo DRS Inc shares for $34.50 each. Upon closing the transaction, the insider’s holdings decreased to 8,235 shares, worth approximately $2.89 million.
As published in a research note from BofA Securities on September 24, 2024, Leonardo DRS Inc [DRS] has been rated down from a Buy to a Neutral and the price target has been revised to $30 from $26. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of May 24, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for DRS. Earlier on February 26, 2024, JP Morgan initiated its rating. Their recommendation was “a Neutral” for DRS stock.
Analyzing DRS Stock Performance
During the last five days, there has been a drop of approximately -5.64%. Over the course of the year, Leonardo DRS Inc shares have jumped approximately 9.29%. Shares of the company reached a 52-week high of $37.43 on 01/23/25 and a 52-week low of $31.80 on 01/08/25. A 50-day SMA is recorded $34.41, while a 200-day SMA reached $28.65. Nevertheless, trading volume fell to 0.57 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Leonardo DRS Inc (DRS)
According to the 24-hour chart, there is a support level at 34.75, which, if violated, would cause prices to drop to 34.20. In the upper region, resistance lies at 35.73. The next price resistance is at 36.15. RSI (Relative Strength Index) is 53.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 42.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
