Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DENTSPLY Sirona Inc shares valued at $314,400 were purchased by LUCIER GREGORY T on Nov 22 ’23. At $31.44 per share, LUCIER GREGORY T acquired 10,000 shares. The insider’s holdings grew to 43,121 shares worth approximately $1.44 million following the completion of this transaction.
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Also, Campion Simon D purchased 10,000 shares, netting a total of over 297,000 in proceeds. Following the buying of shares at $29.70 each, the insider now holds 243,930 shares.
Before that, Coleman Glenn had added 10,000 shares to its account. In a trade valued at $297,000, the Executive VP & CFO bought DENTSPLY Sirona Inc shares for $29.70 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $2.46 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, DENTSPLY Sirona Inc [XRAY] has been an Outperform and the price target has been revised to $42. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of November 10, 2023, William Blair has increased its “Mkt perform” rating to a “an Outperform” for XRAY. Earlier on January 12, 2023, William Blair upgraded its rating. Their new recommendation was “a Mkt perform” for XRAY stock which previously was a “an Underperform”.
Analyzing XRAY Stock Performance
During the last five days, there has been a surge of approximately 1.43%. Over the course of the year, DENTSPLY Sirona Inc shares have dropped approximately -6.01%. Shares of the company reached a 52-week high of $37.60 on 01/10/24 and a 52-week low of $32.13 on 02/13/24. A 50-day SMA is recorded $34.11, while a 200-day SMA reached $35.09. Nevertheless, trading volume fell to 2.68 million shares from 3.59 million shares the previous day.
Support And Resistance Levels for DENTSPLY Sirona Inc (XRAY)
According to the 24-hour chart, there is a support level at 33.15, which, if violated, would cause prices to drop to 32.85. In the upper region, resistance lies at 33.73. The next price resistance is at 34.02. RSI (Relative Strength Index) is 49.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 48.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is DENTSPLY Sirona Inc subject to short interest?
Stocks of DENTSPLY Sirona Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 2.21 million shares to 10.88 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 8.67 million shares. A jump of 20.31% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.09 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.09.
