Daimler Truck (OTCMKTS:DTRUY) Stock Price Down 1.1% - Time to Sell?

Key Points

• Daimler Truck's stock dropped 1.1%, closing at $20.52 after trading as low as $20.36 during the day, with trading volume increasing by 58% compared to the average.
• Recent analyst ratings show a mix of opinions, with two analysts rating the stock as a Buy, one as a Hold, and one as a Sell, resulting in an average rating of "Hold".
• The company's Board of Directors has authorized a share buyback program, suggesting they believe the stock is undervalued.

Shares of Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY - Get Free Report) dropped 1.1% during trading on Wednesday . The company traded as low as $20.36 and last traded at $20.52. Approximately 38,176 shares changed hands during trading, an increase of 58% from the average daily volume of 24,107 shares. The stock had previously closed at $20.74.

Analyst Ratings Changes

DTRUY has been the subject of a number of recent research reports. Zacks Research upgraded shares of Daimler Truck to a "hold" rating in a research note on Friday, August 15th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Daimler Truck in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Daimler Truck currently has an average rating of "Hold".

Daimler Truck Stock Down 1.1%

The stock's fifty day moving average is $23.08 and its two-hundred day moving average is $22.00.

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