Dave Inc’s recently made public that its Director Preston Dan unloaded Company’s shares for reported $1.19 million on Nov 29 ’24. In the deal valued at $96.00 per share,12,400 shares were sold. As a result of this transaction, Preston Dan now holds 6,360 shares worth roughly $0.53 million.
Then, Preston Dan sold 4,235 shares, generating $406,560 in total proceeds. Upon selling the shares at $96.00, the Director now owns 18,760 shares.
Before that, Preston Dan sold 9,765 shares. Dave Inc shares valued at $772,314 were divested by the Director at a price of $79.09 per share. As a result of the transaction, Preston Dan now holds 22,995 shares, worth roughly $1.9 million.
Canaccord Genuity initiated its Dave Inc [DAVE] rating to a Buy in a research note published on January 31, 2025; the price target was $120. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in mid August with a ‘”a Buy”‘ rating. Lake Street began covering DAVE with “Buy” recommendation on July 26, 2024. Seaport Research Partners started covering the stock on June 10, 2024. It rated DAVE as “a Buy”.
Price Performance Review of DAVE
On Monday, Dave Inc [NASDAQ:DAVE] saw its stock fall -2.24% to $82.66. Over the last five days, the stock has lost -14.55%. Dave Inc shares have fallen nearly -4.90% since the year began. Nevertheless, the stocks have risen 108.90% over the past one year. While a 52-week high of $125.00 was reached on 02/18/25, a 52-week low of $28.31 was recorded on 03/07/25. SMA at 50 days reached $95.19, while 200 days put it at $63.28.
Levels Of Support And Resistance For DAVE Stock
The 24-hour chart illustrates a support level at 79.70, which if violated will result in even more drops to 76.73. On the upside, there is a resistance level at 84.49. A further resistance level may holdings at 86.31. The Relative Strength Index (RSI) on the 14-day chart is 40.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.28%. Stochastics %K at 27.96% indicates the stock is a holding.
How much short interest is there in Dave Inc?
A steep rise in short interest was recorded in Dave Inc stocks on 2025-03-14, dropping by -0.3 million shares to a total of 1.0 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.3 million shares. There was a decline of -30.06%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 07, 2024 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $60 price target.
