The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ExlService Holdings Inc shares valued at $292,492 were sold by AYYAPPAN AJAY on Mar 12 ’24. At $31.59 per share, AYYAPPAN AJAY sold 9,259 shares. The insider’s holdings dropped to 50,693 shares worth approximately $1.5 million following the completion of this transaction.
Also, Bhalla Vikas sold 23,760 shares, netting a total of over 748,678 in proceeds. Following the sale of shares at $31.51 each, the insider now holds 127,046 shares.
Before that, Bhalla Vikas had sold 25,995 shares from its account. In a trade valued at $733,839, the EVP & Head of Outsourcing traded ExlService Holdings Inc shares for $28.23 each. Upon closing the transaction, the insider’s holdings decreased to 25,995 shares, worth approximately $2.25 million.
As published in a research note from Citigroup on January 17, 2024, ExlService Holdings Inc [EXLS] has been rated up from a Neutral to a Buy and the price target has been revised to $36 from $29. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid September. As of March 15, 2023, Citigroup has increased its “Sell” rating to a “Neutral” for EXLS. Earlier on July 29, 2022, Needham upgraded its rating. Their new recommendation was “a Buy” for EXLS stock which previously was a “a Hold”.
Analyzing EXLS Stock Performance
During the last five days, there has been a drop of approximately -4.38%. Over the course of the year, ExlService Holdings Inc shares have dropped approximately -3.79%. Shares of the company reached a 52-week high of $33.40 on 01/23/24 and a 52-week low of $28.16 on 04/05/24. A 50-day SMA is recorded $30.94, while a 200-day SMA reached $29.59. Nevertheless, trading volume fell to 1.47 million shares from 1.65 million shares the previous day.
Support And Resistance Levels for ExlService Holdings Inc (EXLS)
According to the 24-hour chart, there is a support level at 29.17, which, if violated, would cause prices to drop to 28.65. In the upper region, resistance lies at 30.18. The next price resistance is at 30.67. RSI (Relative Strength Index) is 42.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 59.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is ExlService Holdings Inc subject to short interest?
Stocks of ExlService Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.58 million shares to 4.2 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.62 million shares. A jump of 13.81% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.19 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.19.
