DXC Shares Experience Surge in Value


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $3.8 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 $1.26 million.

Analyzing DXC Stock Performance

On Thursday, DXC Technology Company [NYSE: DXC] rose 0.12% to $24.21. The stock’s lowest price that day was $23.68, but it reached a high of $24.33 in the same session. During the last five days, there has been a surge of approximately 1.55%. Over the course of the year, DXC Technology Company shares have dropped approximately -8.64%. Shares of the company reached a 52-week high of $30.27 on 02/02/23 and a 52-week low of $22.11 on 05/04/23. A 50-day SMA is recorded $24.03, while a 200-day SMA reached $26.58. Nevertheless, trading volume fell to 2.45 million shares from 2.1 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 23.82, which, if violated, would cause prices to drop to 23.42. In the upper region, resistance lies at 24.47. The next price resistance is at 24.72. RSI (Relative Strength Index) is 53.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.78, which suggests the price will decrease in the coming days. Percent R is at 36.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is DXC Technology Company subject to short interest?

Stocks of DXC Technology Company saw a sharp steep in short interest on Apr 27, 2023 dropping by -0.99 million shares to 7.71 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 8.7 million shares. A decline of -12.84% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.42 of the overall float, the days-to-cover ratio (short ratio) decline to 5.42.

Which companies own the most shares of DXC Technology Company (DXC)?

According to The Vanguard Group, Inc. filings, the company currently owns 26,147,306 shares, which is about 11.48% of the total DXC shares outstanding. The investor’s shares have appreciated by 474,123 from its previous 13-F filing of 25673183.0 shares. With the completion of the buy transaction, Templeton Global Advisors Ltd.’s stake is now worth $364,877,811. BlackRock Fund Advisors reduced a -2.33% interest valued at $272.97 million while Victory Capital Management, Inc. purchased a 35,672 stake. A total of -747,416 shares of DXC Technology Company were bought by Glenview Capital Management LLC during the quarter, and 145,130 were bought by Invesco Advisers, Inc. In its current portfolio, SSgA Funds Management, Inc. holds 7,927,445 shares valued at $189.07 million.

In terms of DXC Technology Company share price expectations, FactSet research, analysts set an average price target of $29.27 in the next 12 months, up nearly 11.66% from the previous closing price of $24.18. Analysts anticipate DXC Technology Company stock to reach $35.00 by 2023, with the lowest price target being $25.00. In spite of this, 14 analysts ranked DXC Technology Company stock as an Overweight at the end of 2023.


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