Investing in DENTSPLY Sirona Inc [XRAY]: What You Must Know

DENTSPLY Sirona Inc’s recent filing unveils that its Director LUCIER GREGORY T acquired Company’s shares for reported $0.31 million on Nov 22 ’23. In the deal valued at $31.44 per share,10,000 shares were bought. As a result of this transaction, LUCIER GREGORY T now holds 43,121 shares worth roughly $1.42 million.

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Then, Campion Simon D bought 10,000 shares, generating $297,000 in total proceeds. Upon buying the shares at $29.70, the President, CEO & Member of BOD now owns 243,930 shares.

Before that, Coleman Glenn bought 10,000 shares. DENTSPLY Sirona Inc shares valued at $297,000 were divested by the Executive VP & CFO at a price of $29.70 per share. As a result of the transaction, Coleman Glenn now holds 73,566 shares, worth roughly $2.42 million.

Leerink Partners initiated its DENTSPLY Sirona Inc [XRAY] rating to an Outperform in a research note published on February 26, 2024; the price target was $42. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. William Blair also remained covering XRAY and has increased its forecast on November 10, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. William Blair revised its rating on January 12, 2023. It rated XRAY as “a Mkt perform” which previously was an “an Underperform”.

Price Performance Review of XRAY

On Monday, DENTSPLY Sirona Inc [NASDAQ:XRAY] saw its stock jump 0.27% to $32.84. Over the last five days, the stock has lost -0.42%. DENTSPLY Sirona Inc shares have fallen nearly -7.73% since the year began. Nevertheless, the stocks have fallen -10.66% over the past one year. While a 52-week high of $43.24 was reached on 01/10/24, a 52-week low of $26.27 was recorded on 02/13/24. SMA at 50 days reached $33.94, while 200 days put it at $35.03. A total of 1.13 million shares were traded, compared to the trading of 1.78 million shares in the previous session.

Levels Of Support And Resistance For XRAY Stock

The 24-hour chart illustrates a support level at 32.56, which if violated will result in even more drops to 32.28. On the upside, there is a resistance level at 33.11. A further resistance level may holdings at 33.39. The Relative Strength Index (RSI) on the 14-day chart is 43.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.24%. Stochastics %K at 26.52% indicates the stock is a holding.

How much short interest is there in DENTSPLY Sirona Inc?

A steep rise in short interest was recorded in DENTSPLY Sirona Inc stocks on Feb 29, 2024, growing by 2.21 million shares to a total of 10.88 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 8.67 million shares. There was a rise of 20.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.00% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.09.

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