Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DENTSPLY SIRONA Inc. shares valued at $273,999 were sold by BRANDT ERIC on May 03. At $39.71 per share, BRANDT ERIC sold 6,900 shares. The insider’s holdings dropped to 35,155 shares worth approximately $1.08 million following the completion of this transaction.
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Also, Casey Donald M Jr. purchased 20,000 shares, netting a total of over 995,600 in proceeds. Following the buying of shares at $49.78 each, the insider now holds 52,500 shares.
Before that, Yankie Lisa had sold 1,903 shares from its account. In a trade valued at $100,155, the Sr VP & Chief HR Officer traded DENTSPLY SIRONA Inc. shares for $52.63 each. Upon closing the transaction, the insider’s holdings decreased to 1,903 shares, worth approximately $0.67 million.
As published in a research note from William Blair on August 05, 2022, DENTSPLY SIRONA Inc. [XRAY] has been rated down from a Mkt perform to an Underperform. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early June. As of April 20, 2022, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for XRAY. Earlier on April 20, 2022, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for XRAY stock which previously was a “an Overweight”.
Analyzing XRAY’s Price Performance
On Wednesday, DENTSPLY SIRONA Inc. [NASDAQ: XRAY] plunged -0.19% to $30.78. The stock’s lowest price that day was $30.78, but it reached a high of $31.54 in the same session. During the last five days, there has been a drop of approximately -5.47%. Over the course of the year, DENTSPLY SIRONA Inc. shares have dropped approximately -44.83%. Shares of the company reached a 52-week high of $58.70 on 02/25/22 and a 52-week low of $30.58 on 09/20/22. A 50-day SMA is recorded $34.67, while a 200-day SMA reached $43.97. Nevertheless, trading volume fell to 6.04 million shares from 1.84 million shares the previous day.
Support And Resistance Levels for DENTSPLY SIRONA Inc. (XRAY)
According to the 24-hour chart, there is a support level at 30.53, which, if violated, would cause prices to drop to 30.27. In the upper region, resistance lies at 31.29. The next price resistance is at 31.79. RSI (Relative Strength Index) is 33.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 95.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is DENTSPLY SIRONA Inc. subject to short interest?
Stocks of DENTSPLY SIRONA Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.26 million shares to 6.81 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.55 million shares. A jump of 47.87% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.27 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.27.
Which companies own the most shares of DENTSPLY SIRONA Inc. (XRAY)?
According to The Vanguard Group, Inc. filings, the company currently owns 23,574,362 shares, which is about 10.94% of the total XRAY shares outstanding. The investor’s shares have appreciated by 94,928 from its previous 13-F filing of 23479434.0 shares. With the completion of the buy transaction, Artisan Partners LP’s stake is now worth $418,103,451. BlackRock Fund Advisors acquire a 4.49% interest valued at $363.79 million while T. Rowe Price Associates, Inc. purchased a 905,001 stake. A total of 950,665 shares of DENTSPLY SIRONA Inc. were bought by First Eagle Investment Management during the quarter, and -154,883 were sold by SSgA Funds Management, Inc. In its current portfolio, Nuance Investments LLC holds 9,051,338 shares valued at $296.61 million.
In terms of DENTSPLY SIRONA Inc. share price expectations, FactSet research, analysts set an average price target of $42.50 in the next 12 months, up nearly 34.57% from the previous closing price of $30.84. Analysts anticipate DENTSPLY SIRONA Inc. stock to reach $51.00 by 2022, with the lowest price target being $38.00. In spite of this, 9 analysts ranked DENTSPLY SIRONA Inc. stock as an Overweight at the end of 2022. On April 19, 2022, Robert W. Baird assigned a price target of “a Neutral” to the stock and downgraded coverage with a $48.