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Dow Inc (DOW) Is Now En Route to Higher Prices

Dow Inc (NYSE: DOW) is -0.38% lower on its value in year-to-date trading and has touched a low of $47.26 and a high of $60.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DOW stock was last observed hovering at around $55.08 in the last trading session, with the day’s loss setting it -0.45%.

Currently trading at $54.63, the stock is 5.17% and 3.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.48 million and changing -0.82% at the moment leaves the stock -0.68% off its SMA200. DOW registered 7.26% gain for a year compared to 6-month loss of -6.23%. The firm has a 50-day simple moving average (SMA 50) of $52.6886 and a 200-day simple moving average (SMA200) of $55.0234.

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The stock witnessed a 1.43% gain in the last 1 month and extending the period to 3 months gives it a 3.80%, and is 4.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 2.09% over the month.

Dow Inc (DOW) has around 35900 employees, a market worth around $38.29B and $43.03B in sales. Current P/E ratio is 33.81 and Fwd P/E is 15.26. Profit margin for the company is 2.65%. Distance from 52-week low is 15.59% and -9.99% from its 52-week high. The company has generated returns on investments over the last 12 months (3.23%).

with sales reaching $10.74B over the same period.The EPS is expected to grow by 7.26% this year, but quarterly earnings will post -3.10% year-over-year.

Dow Inc (DOW) Top Institutional Holders

1950.0 institutions hold shares in Dow Inc (DOW), with institutional investors hold 70.25% of the company’s shares. The shares outstanding are 702.29M, and float is at 699.45M with Short Float at 1.82%. Institutions hold 70.12% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 81.86 million shares valued at $4.34 billion. The investor’s holdings represent 11.6191% of the DOW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 51.06 million shares valued at $2.71 billion to account for 7.2475 of the shares outstanding. The other top investors are STATE STREET CORP which holds 34.5 million shares representing 4.8976% and valued at over $1.83 billion, while JPMORGAN CHASE & CO holds 2.8579 of the shares totaling 20.13 million with a market value of $1.07 billion.

Dow Inc (DOW) Insider Activity

The most recent transaction is an insider purchase by DAVIS RICHARD K, the company’s Director. SEC filings show that DAVIS RICHARD K bought 5,000 shares of the company’s common stock on Nov 16 ’23 at a price of $51.09 per share for a total of $0.26 million. Following the purchase, the insider now owns 33665.0 shares.

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