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. Dave Inc shares valued at $1,190,400 were sold by Preston Dan on Nov 29 ’24. At $96.00 per share, Preston Dan sold 12,400 shares. The insider’s holdings dropped to 6,360 shares worth approximately $0.55 million following the completion of this transaction.
Also, Preston Dan sold 4,235 shares, netting a total of over 406,560 in proceeds. Following the sale of shares at $96.00 each, the insider now holds 18,760 shares.
Before that, Preston Dan had sold 9,765 shares from its account. In a trade valued at $772,314, the Director traded Dave Inc shares for $79.09 each. Upon closing the transaction, the insider’s holdings decreased to 9,765 shares, worth approximately $1.98 million.
As published in their initiating research note from Canaccord Genuity on January 31, 2025, Dave Inc [DAVE] has been a Buy and the price target has been revised to $120. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of July 26, 2024, Lake Street has initiated its “Buy” rating for DAVE. Earlier on June 10, 2024, Seaport Research Partners initiated its rating. Their recommendation was “a Buy” for DAVE stock.
Analyzing DAVE Stock Performance
During the last five days, there has been a drop of approximately -5.86%. Over the course of the year, Dave Inc shares have dropped approximately -0.99%. Shares of the company reached a 52-week high of $125.00 on 02/18/25 and a 52-week low of $77.31 on 03/07/25. A 50-day SMA is recorded $95.14, while a 200-day SMA reached $60.17.
Support And Resistance Levels for Dave Inc (DAVE)
According to the 24-hour chart, there is a support level at 81.53, which, if violated, would cause prices to drop to 77.01. In the upper region, resistance lies at 90.16. The next price resistance is at 94.27. RSI (Relative Strength Index) is 40.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.28, which suggests the price will decrease in the coming days. Percent R is at 74.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
