Daimler Truck (OTCMKTS:DTRUY) Shares Gap Down - Here's What Happened

Key Points

• Daimler Truck shares gapped down from a closing price of $21.27 to open at $20.66 before trading at $21.00, with a volume of 3,756 shares.
• Analysts' ratings are mixed, with two giving a Buy rating, one a Hold rating, and one a Sell rating, leading to an average rating of "Hold".
• The company has approved a stock repurchase program, signaling that the board believes the stock is undervalued.

Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $21.27, but opened at $20.66. Daimler Truck shares last traded at $21.00, with a volume of 3,756 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on DTRUY shares. Royal Bank Of Canada restated an "outperform" rating on shares of Daimler Truck in a report on Tuesday, August 5th. Zacks Research upgraded Daimler Truck to a "hold" rating in a report on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

Daimler Truck Trading Down 1.4%

The stock has a fifty day moving average price of $23.36 and a 200-day moving average price of $22.03.

Daimler Truck declared that its board has approved a stock repurchase program on Monday, July 7th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

About Daimler Truck

Daimler Truck Holding AG manufactures and sells commercial trucks. The company was founded in 2021 and is based in Stuttgart, Germany.

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