In a filing, DoorDash Inc revealed its CHIEF FINANCIAL OFFICER Inukonda Ravi unloaded Company’s shares for reported $0.26 million on Jan 24 ’25. In the deal valued at $183.20 per share,1,425 shares were sold. As a result of this transaction, Inukonda Ravi now holds 366,993 shares worth roughly $69.3 million.
Then, Adarkar Prabir sold 20,000 shares, generating $3,616,676 in total proceeds. Upon selling the shares at $180.83, the PRESIDENT AND COO now owns 925,222 shares.
Before that, RAVI INUKONDA bought 2,850 shares. DoorDash Inc shares valued at $521,920 were divested by the Officer at a price of $183.13 per share.
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 jump 0.14% to $188.83. Over the last five days, the stock has gained 3.01%. DoorDash Inc shares have risen nearly 12.57% since the year began. Nevertheless, the stocks have risen 79.04% over the past one year. While a 52-week high of $189.23 was reached on 01/31/25, a 52-week low of $99.32 was recorded on 01/13/25. SMA at 50 days reached $175.40, while 200 days put it at $139.47.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 187.42, which if violated will result in even more drops to 186.02. On the upside, there is a resistance level at 190.11. A further resistance level may holdings at 191.40. The Relative Strength Index (RSI) on the 14-day chart is 70.72, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.92%. Stochastics %K at 95.75% indicates the stock is a selling.
How much short interest is there in DoorDash Inc?
A steep rise in short interest was recorded in DoorDash Inc stocks on 2025-01-15, growing by 0.29 million shares to a total of 10.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 10.26 million shares. There was a rise of 2.7%, which implies that there is a positive 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.
