Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Xylem Inc. shares valued at $5,527,837 were sold by Decker Patrick on Mar 13. At $98.19 per share, Decker Patrick sold 56,298 shares. The insider’s holdings dropped to 287,564 shares worth approximately $29.06 million following the completion of this transaction.
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Also, Yarkadas Hayati sold 15,942 shares, netting a total of over 1,601,009 in proceeds. Following the sale of shares at $100.43 each, the insider now holds 12,146 shares.
Before that, Yarkadas Hayati had sold 2,083 shares from its account. In a trade valued at $222,756, the Senior Vice President traded Xylem Inc. shares for $106.94 each. Upon closing the transaction, the insider’s holdings decreased to 2,083 shares, worth approximately $0.76 million.
Analyzing XYL Stock Performance
On Wednesday, Xylem Inc. [NYSE: XYL] plunged -2.96% to $101.06. The stock’s lowest price that day was $100.99, but it reached a high of $104.19 in the same session. During the last five days, there has been a drop of approximately -2.78%. Over the course of the year, Xylem Inc. shares have dropped approximately -8.60%. Shares of the company reached a 52-week high of $118.58 on 01/13/23 and a 52-week low of $93.72 on 03/17/23. A 50-day SMA is recorded $102.72, while a 200-day SMA reached $102.72. Nevertheless, trading volume fell to 4.15 million shares from 11.6 million shares the previous day.
Support And Resistance Levels for Xylem Inc. (XYL)
According to the 24-hour chart, there is a support level at 99.97, which, if violated, would cause prices to drop to 98.88. In the upper region, resistance lies at 103.17. The next price resistance is at 105.28. RSI (Relative Strength Index) is 38.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.86, which suggests the price will decrease in the coming days. Percent R is at 99.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Xylem Inc. subject to short interest?
Stocks of Xylem Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 1.58 million shares to 13.77 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 12.19 million shares. A jump of 11.47% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 10.17 of the overall float, the days-to-cover ratio (short ratio) jumped to 10.17.
Which companies own the most shares of Xylem Inc. (XYL)?
According to The Vanguard Group, Inc. filings, the company currently owns 20,360,743 shares, which is about 11.27% of the total XYL shares outstanding. The investor’s shares have appreciated by 63,989 from its previous 13-F filing of 20296754.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $1,029,700,908. Aristotle Capital Management LLC reduced a -2.64% interest valued at $1.02 billion while SSgA Funds Management, Inc. purchased a 121,367 stake. A total of 581,356 shares of Xylem Inc. were bought by Pictet Asset Management SA during the quarter, and 429,627 were bought by BlackRock Investment Management. In its current portfolio, Geode Capital Management LLC holds 3,725,563 shares valued at $386.86 million.
In terms of Xylem Inc. share price expectations, FactSet research, analysts set an average price target of $116.33 in the next 12 months, up nearly 15.23% from the previous closing price of $104.14. Analysts anticipate Xylem Inc. stock to reach $129.00 by 2023, with the lowest price target being $88.00. In spite of this, 15 analysts ranked Xylem Inc. stock as an Overweight at the end of 2023.