Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Leonardo DRS Inc shares valued at $116,584 were sold by SALZMAN ERIC on Feb 12 ’25. At $33.53 per share, SALZMAN ERIC sold 3,477 shares. The insider’s holdings dropped to 9,785 shares worth approximately $0.31 million following the completion of this transaction.
Also, SALZMAN ERIC sold 3,477 shares, netting a total of over 120,269 in proceeds. Following the sale of shares at $34.59 each, the insider now holds 13,262 shares.
Before that, SALZMAN ERIC had added 3,477 shares to its account. In a trade valued at $116,584, the Director bought Leonardo DRS Inc shares for $33.53 each.
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 -6.10%. Over the course of the year, Leonardo DRS Inc shares have dropped approximately -0.46%. 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 $34.32, while a 200-day SMA reached $29.31. Nevertheless, trading volume fell to 1.07 million shares from 0.43 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 31.34, which, if violated, would cause prices to drop to 30.53. In the upper region, resistance lies at 33.62. The next price resistance is at 35.08. RSI (Relative Strength Index) is 36.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.31, which suggests the price will decrease in the coming days. Percent R is at 95.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
