DXP Enterprises Inc.’s recently made public that its CMO & CTO MAESTAS PAZ unloaded Company’s shares for reported $0.49 million on May 26. In the deal valued at $32.37 per share,15,000 shares were sold. As a result of this transaction, MAESTAS PAZ now holds 636,723 shares worth roughly $ 22.93 million.
Then, HAMLIN TODD sold 4,000 shares, generating $129,480 in total proceeds. Upon selling the shares at $32.37, the Sr. Vice President now owns 30,761 shares.
Before that, LITTLE DAVID R sold 20,000 shares. DXP Enterprises Inc. shares valued at $561,000 were divested by the Chairman & CEO at a price of $28.05 per share. As a result of the transaction, LITTLE DAVID R now holds 1,349,128 shares, worth roughly $48.6 million.
PT values the company’s stock at a premium of -44.08 to its Friday closing price.
Price Performance Review of DXPE
On Friday, DXP Enterprises Inc. [NASDAQ:DXPE] saw its stock jump 1.27% to $36.02. On the same session, the stock had its day’s lowest price of $35.5629, but rose to a high of $36.26. Over the last five days, the stock has gained 2.62%. DXP Enterprises Inc. shares have risen nearly 30.74% since the year began. Nevertheless, the stocks have risen 35.52% over the past one year. While a 52-week high of $39.89 was reached on 07/20/23, a 52-week low of $22.06 was recorded on 05/10/23. SMA at 50 days reached $36.30, while 200 days put it at $30.52. A total of 84655.0 shares were traded, compared to the trading of 84400.0 shares in the previous session.
Levels Of Support And Resistance For DXPE Stock
The 24-hour chart illustrates a support level at 35.64, which if violated will result in even more drops to 35.25. On the upside, there is a resistance level at 36.33. A further resistance level may holdings at 36.64. The Relative Strength Index (RSI) on the 14-day chart is 54.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.08%. Stochastics %K at 88.53% indicates the stock is a selling.
How much short interest is there in DXP Enterprises Inc.?
A steep rise in short interest was recorded in DXP Enterprises Inc. stocks on Aug 14, 2023, growing by 660.0 shares to a total of 0.47 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.47 million shares. There was a rise of 0.14%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.54% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.31.
DXP Enterprises Inc. [DXPE] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,230,218 shares, or roughly 12.82% of the outstanding DXPE shares. In other words, the investor’s shares have fallen by -165,983 from its previous 13-F filing of 2396201.0. Additionally, Dimensional Fund Advisors LP increased 8.46% of its stake after which the total value it holdings stand at $40,163,432, while The Vanguard Group, Inc. reduced -5.26% of its stake to hold $39.36 million in the firm. Over the last quarter, American Century Investment Manag sold -273,308 shares of DXP Enterprises Inc., while SSgA Funds Management, Inc. sold -39,030 shares. At present, Global X Management Co. LLC is holding 466,845 shares valued at $17.73 million. Geode Capital Management LLC owned 297,904 shares of the company at the time of its most recent 13F filing, worth $11.31 million.
According to FactSet, DXP Enterprises Inc.’s share price will average $55.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 54.62 percent from its previous closing price of $35.57. Analysts expect DXP Enterprises Inc. stock to reach the higher price of $55.00, while the lowest price estimate is $55.00. However, 1 analyst have rated DXPE stock as a Buy in their predictions for 2023.