Destination XL Group Inc.’s recent filing unveils that its Director Boyle Jack acquired Company’s shares for reported $58756.0 on Aug 30. In the deal valued at $4.25 per share,13,825 shares were bought. As a result of this transaction, Boyle Jack now holds 493,257 shares worth roughly $ 2.29 million.
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Then, Boyle Jack bought 33,175 shares, generating $140,884 in total proceeds. Upon buying the shares at $4.25, the Director now owns 479,432 shares.
Before that, AWM Investment Company, Inc. sold 26,677 shares. Destination XL Group Inc. shares valued at $165,235 were divested by the 10% Owner at a price of $6.19 per share. As a result of the transaction, AWM Investment Company, Inc. now holds 9,399,297 shares, worth roughly $43.71 million.
DA Davidson initiated its Destination XL Group Inc. [DXLG] rating to a Buy in a research note published on Friday, September 14, 2021; the price target was $11. PT values the company’s stock at a premium of 57.73 to its Friday closing price.
Price Performance Review of DXLG
On Friday, Destination XL Group Inc. [NASDAQ:DXLG] saw its stock jump 1.97% to $4.65. On the same session, the stock had its day’s lowest price of $4.57, but rose to a high of $4.80. Over the last five days, the stock has gained 11.78%. Destination XL Group Inc. shares have fallen nearly -31.11% since the year began. Nevertheless, the stocks have fallen -15.61% over the past one year. While a 52-week high of $7.57 was reached on 02/02/23, a 52-week low of $3.68 was recorded on 05/25/23. SMA at 50 days reached $4.82, while 200 days put it at $5.52. A total of 0.54 million shares were traded, compared to the trading of 1.02 million shares in the previous session.
Levels Of Support And Resistance For DXLG Stock
The 24-hour chart illustrates a support level at 4.55, which if violated will result in even more drops to 4.44. On the upside, there is a resistance level at 4.78. A further resistance level may holdings at 4.90. The Relative Strength Index (RSI) on the 14-day chart is 51.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.22%. Stochastics %K at 61.93% indicates the stock is a holding.
How much short interest is there in Destination XL Group Inc.?
A steep rise in short interest was recorded in Destination XL Group Inc. stocks on Aug 14, 2023, dropping by -0.58 million shares to a total of 2.27 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.85 million shares. There was a decline of -25.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.79% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.73.
Destination XL Group Inc. [DXLG] – Who Are The Largest Shareholders?
In filings from AWM Investment Co., Inc., it is revealed that the company now owns 9,399,297 shares, or roughly 15.14% of the outstanding DXLG shares. Additionally, Wolf Hill Capital Management LP decreased -7.82% of its stake after which the total value it holdings stand at $24,929,714. Over the last quarter, BlackRock Fund Advisors purchased 153,529 shares of Destination XL Group Inc., while The Vanguard Group, Inc. bought -32,822 shares. At present, Invesco Capital Management LLC is holding 2,197,701 shares valued at $11.34 million. Pleasant Lake Partners LLC owned 1,910,578 shares of the company at the time of its most recent 13F filing, worth $9.86 million.
According to FactSet, Destination XL Group Inc.’s share price will average $8.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 75.44 percent from its previous closing price of $4.56. Analysts expect Destination XL Group Inc. stock to reach the higher price of $8.50, while the lowest price estimate is $7.50. However, 2 analysts have rated DXLG stock as a Buy in their predictions for 2023.