Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Xponential Fitness Inc shares valued at $452,265 were sold by Geisler Anthony on Mar 06 ’24. At $14.08 per share, Geisler Anthony sold 32,125 shares. The insider’s holdings dropped to 361,886 shares worth approximately $5.45 million following the completion of this transaction.
Also, Meloun John P sold 17,310 shares, netting a total of over 243,733 in proceeds. Following the sale of shares at $14.08 each, the insider now holds 227,693 shares.
Before that, Luna Sarah had sold 15,896 shares from its account. In a trade valued at $223,771, the President traded Xponential Fitness Inc shares for $14.08 each. Upon closing the transaction, the insider’s holdings decreased to 15,896 shares, worth approximately $3.76 million.
As published in a research note from Piper Sandler on January 03, 2024, Xponential Fitness Inc [XPOF] has been rated down from an Overweight to a Neutral and the price target has been revised to $13 from $21. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of November 01, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for XPOF. Earlier on October 13, 2023, Stifel initiated its rating. Their recommendation was “a Hold” for XPOF stock.
Analyzing XPOF Stock Performance
During the last five days, there has been a surge of approximately 1.28%. Over the course of the year, Xponential Fitness Inc shares have jumped approximately 16.83%. Shares of the company reached a 52-week high of $17.00 on 03/28/24 and a 52-week low of $9.25 on 02/23/24. A 50-day SMA is recorded $12.94, while a 200-day SMA reached $15.27. Nevertheless, trading volume fell to 0.6 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for Xponential Fitness Inc (XPOF)
According to the 24-hour chart, there is a support level at 14.56, which, if violated, would cause prices to drop to 14.05. In the upper region, resistance lies at 15.58. The next price resistance is at 16.10. RSI (Relative Strength Index) is 54.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 79.18%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Xponential Fitness Inc subject to short interest?
Stocks of Xponential Fitness Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.4 million shares to 2.38 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.78 million shares. A decline of -16.81% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.24 of the overall float, the days-to-cover ratio (short ratio) decline to 2.24.
