The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Destination XL Group Inc. shares valued at $202,560 were sold by Surette Allison on Feb 13. At $6.75 per share, Surette Allison sold 30,000 shares. The insider’s holdings dropped to 64,123 shares worth approximately $0.39 million following the completion of this transaction.
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Also, Gaeta Anthony sold 20,000 shares, netting a total of over 130,848 in proceeds. Following the sale of shares at $6.54 each, the insider now holds 133,711 shares.
Before that, Boyle Jack had sold 11,600 shares from its account. In a trade valued at $87,437, the Director traded Destination XL Group Inc. shares for $7.54 each. Upon closing the transaction, the insider’s holdings decreased to 11,600 shares, worth approximately $2.7 million.
As published in their initiating research note from DA Davidson on September 14, 2021, Destination XL Group Inc. [DXLG] has been a Buy and the price target has been revised to $11. This represents a 44.0% premium over Thursday’s closing price.
Analyzing DXLG Stock Performance
On Thursday, Destination XL Group Inc. [NASDAQ: DXLG] rose 7.69% to $6.16. The stock’s lowest price that day was $6.00, but it reached a high of $6.32 in the same session. During the last five days, there has been a surge of approximately 0.49%. Over the course of the year, Destination XL Group Inc. shares have dropped approximately -8.74%. Shares of the company reached a 52-week high of $7.57 on 02/02/23 and a 52-week low of $5.42 on 03/13/23. A 50-day SMA is recorded $6.58, while a 200-day SMA reached $5.68. Nevertheless, trading volume fell to 1.68 million shares from 1.07 million shares the previous day.
Support And Resistance Levels for Destination XL Group Inc. (DXLG)
According to the 24-hour chart, there is a support level at 6.00, which, if violated, would cause prices to drop to 5.84. In the upper region, resistance lies at 6.32. The next price resistance is at 6.48. RSI (Relative Strength Index) is 49.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 17.80%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Destination XL Group Inc. (DXLG)?
According to AWM Investment Co., Inc. filings, the company currently owns 9,425,974 shares, which is about 15.09% of the total DXLG shares outstanding. The investor’s shares have plunged by -160,656 from its previous 13-F filing of 9586630.0 shares. Jewelcor Management, Inc. reduced a -17.93% interest valued at $21.93 million while BlackRock Fund Advisors purchased a 538,654 stake. A total of 185,074 shares of Destination XL Group Inc. were bought by The Vanguard Group, Inc. during the quarter, and 19,877 were bought by Red Mountain Capital Partners LLC. In its current portfolio, Pleasant Lake Partners LLC holds 1,711,889 shares valued at $10.24 million.
In terms of Destination XL Group Inc. share price expectations, FactSet research, analysts set an average price target of $9.75 in the next 12 months, up nearly 70.45% from the previous closing price of $5.72. Analysts anticipate Destination XL Group Inc. stock to reach $10.50 by 2023, with the lowest price target being $9.00. In spite of this, 2 analysts ranked Destination XL Group Inc. stock as a Buy at the end of 2023.