Analyzing DXC Technology Company (DXC) After Recent Trading Activity


DXC Technology Company’s recent filing unveils that its EVP & General Counsel DECKELMAN WILLIAM L JR unloaded Company’s shares for reported $1.55 million on Aug 24. In the deal valued at $20.72 per share,75,000 shares were sold. As a result of this transaction, DECKELMAN WILLIAM L JR now holds 142,908 shares worth roughly $ 2.9 million.

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Then, DECKELMAN WILLIAM L JR sold 33,331 shares, generating $968,282 in total proceeds. Upon selling the shares at $29.05, the EVP & General Counsel now owns 157,128 shares.

Before that, FERNANDEZ RAUL J sold 5,000 shares. DXC Technology Company shares valued at $148,750 were divested by the Director at a price of $29.75 per share. As a result of the transaction, FERNANDEZ RAUL J now holds 47,092 shares, worth roughly $0.95 million.

TD Cowen downgraded its DXC Technology Company [DXC] rating to a Market perform from a an Outperform in a research note published on Monday, August 03, 2023; the price target was decreased to $25 from $34. PT values the company’s stock at a premium of 18.92 to its Monday closing price.

Price Performance Review of DXC

On Monday, DXC Technology Company [NYSE:DXC] saw its stock fall -2.03% to $20.27. On the same session, the stock had its day’s lowest price of $19.8933, but rose to a high of $20.4498. Over the last five days, the stock has lost -0.73%. DXC Technology Company shares have fallen nearly -23.51% since the year began. Nevertheless, the stocks have fallen -26.21% over the past one year. While a 52-week high of $30.27 was reached on 02/02/23, a 52-week low of $18.61 was recorded on 08/03/23. SMA at 50 days reached $23.09, while 200 days put it at $25.45. A total of 2.12 million shares were traded, compared to the trading of 10.57 million shares in the previous session.

Levels Of Support And Resistance For DXC Stock

The 24-hour chart illustrates a support level at 19.96, which if violated will result in even more drops to 19.65. On the upside, there is a resistance level at 20.52. A further resistance level may holdings at 20.76. The Relative Strength Index (RSI) on the 14-day chart is 39.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.83%. Stochastics %K at 42.19% indicates the stock is a holding.

How much short interest is there in DXC Technology Company?

A steep rise in short interest was recorded in DXC Technology Company stocks on Aug 30, 2023, growing by 2.52 million shares to a total of 9.71 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 7.19 million shares. There was a rise of 25.95%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.49% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.18.

DXC Technology Company [DXC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 25,492,630 shares, or roughly 12.43% of the outstanding DXC shares. In other words, the investor’s shares have fallen by -654,676 from its previous 13-F filing of 26147306.0. Additionally, Templeton Global Advisors Ltd. decreased -3.08% of its stake after which the total value it holdings stand at $307,528,344, while BlackRock Fund Advisors reduced -1.84% of its stake to hold $233.01 million in the firm. Over the last quarter, Glenview Capital Management LLC purchased 777,274 shares of DXC Technology Company, while Invesco Advisers, Inc. bought 125,073 shares. At present, SSgA Funds Management, Inc. is holding 8,103,448 shares valued at $168.07 million. Dimensional Fund Advisors LP owned 7,133,301 shares of the company at the time of its most recent 13F filing, worth $147.94 million.

According to FactSet, DXC Technology Company’s share price will average $24.92 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.83 percent from its previous closing price of $20.69. Analysts expect DXC Technology Company stock to reach the higher price of $30.00, while the lowest price estimate is $21.00. However, 15 analysts have rated DXC stock as a Hold in their predictions for 2023.


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