Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DXC Technology Company shares valued at $968,282 were sold by DECKELMAN WILLIAM L JR on Feb 09. At $29.05 per share, DECKELMAN WILLIAM L JR sold 33,331 shares. The insider’s holdings dropped to 157,128 shares worth approximately $3.69 million following the completion of this transaction.
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Also, FERNANDEZ RAUL J sold 5,000 shares, netting a total of over 148,750 in proceeds. Following the sale of shares at $29.75 each, the insider now holds 47,092 shares.
Before that, FERNANDEZ RAUL J had sold 10,000 shares from its account. In a trade valued at $293,850, the Director traded DXC Technology Company shares for $29.39 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.22 million.
As published in a research note from MoffettNathanson on January 19, 2023, DXC Technology Company [DXC] has been rated down from a Market perform to an Underperform and the price target has been revised to $28 from $32. This represents a 16.18% premium over Thursday’s closing price. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of September 16, 2022, Susquehanna has decreased its “Positive” rating to a “Neutral” for DXC. Earlier on March 09, 2022, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for DXC stock which previously was a “a Buy”.
Analyzing DXC Stock Performance
On Thursday, DXC Technology Company [NYSE: DXC] rose 0.60% to $23.47. The stock’s lowest price that day was $22.515, but it reached a high of $23.625 in the same session. During the last five days, there has been a drop of approximately -11.06%. Over the course of the year, DXC Technology Company shares have dropped approximately -11.43%. Shares of the company reached a 52-week high of $30.27 on 02/02/23 and a 52-week low of $22.51 on 03/16/23. A 50-day SMA is recorded $27.96, while a 200-day SMA reached $28.26. Nevertheless, trading volume fell to 2.77 million shares from 2.47 million shares the previous day.
Support And Resistance Levels for DXC Technology Company (DXC)
According to the 24-hour chart, there is a support level at 22.78, which, if violated, would cause prices to drop to 22.09. In the upper region, resistance lies at 23.89. The next price resistance is at 24.31. RSI (Relative Strength Index) is 29.56 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.69, which suggests the price will decrease in the coming days. Percent R is at 85.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is DXC Technology Company subject to short interest?
Stocks of DXC Technology Company saw a sharp rise in short interest on Jan 12, 2023 jumping by 0.33 million shares to 7.63 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 7.3 million shares. A jump of 4.33% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.13 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.13.
Which companies own the most shares of DXC Technology Company (DXC)?
According to The Vanguard Group, Inc. filings, the company currently owns 25,673,183 shares, which is about 11.28% of the total DXC shares outstanding. The investor’s shares have appreciated by 481,388 from its previous 13-F filing of 25191795.0 shares. With the completion of the sale transaction, Templeton Global Advisors Ltd.’s stake is now worth $392,406,628. BlackRock Fund Advisors reduced a -1.56% interest valued at $325.05 million while Glenview Capital Management LLC purchased a 57,096 stake. A total of 12,378 shares of DXC Technology Company were bought by Victory Capital Management, Inc. during the quarter, and -12,124 were sold by Invesco Advisers, Inc. In its current portfolio, SSgA Funds Management, Inc. holds 7,695,421 shares valued at $213.47 million.
In terms of DXC Technology Company share price expectations, FactSet research, analysts set an average price target of $32.17 in the next 12 months, up nearly 39.31% from the previous closing price of $23.33. Analysts anticipate DXC Technology Company stock to reach $38.00 by 2023, with the lowest price target being $27.00. In spite of this, 15 analysts ranked DXC Technology Company stock as an Overweight at the end of 2023. On September 22, 2021, MoffettNathanson assigned a price target of “a Neutral” to the stock and downgraded coverage with a $40.