Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Xylem Inc shares valued at $579,879 were sold by Yarkadas Hayati on Mar 05 ’24. At $127.53 per share, Yarkadas Hayati sold 4,547 shares. The insider’s holdings dropped to 9,353 shares worth approximately $1.2 million following the completion of this transaction.
Also, Yarkadas Hayati sold 24,478 shares, netting a total of over 3,112,279 in proceeds. Following the sale of shares at $127.15 each, the insider now holds 13,900 shares.
Before that, McShane Geri-Michelle had sold 1,000 shares from its account. In a trade valued at $122,890, the VP, Controller & CAO traded Xylem Inc shares for $122.89 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.38 million.
As published in their initiating research note from Exane BNP Paribas on March 12, 2024, Xylem Inc [XYL] has been an Outperform and the price target has been revised to $150. Analysts at Raymond James upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early January. As of December 13, 2023, Wolfe Research has initiated its “an Outperform” rating for XYL. Earlier on November 21, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for XYL stock which previously was a “a Hold”.
Analyzing XYL Stock Performance
During the last five days, there has been a drop of approximately -0.52%. Over the course of the year, Xylem Inc shares have jumped approximately 12.09%. Shares of the company reached a 52-week high of $130.86 on 03/21/24 and a 52-week low of $109.39 on 01/17/24. A 50-day SMA is recorded $125.30, while a 200-day SMA reached $108.69. Nevertheless, trading volume fell to 1.04 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Xylem Inc (XYL)
According to the 24-hour chart, there is a support level at 126.55, which, if violated, would cause prices to drop to 124.90. In the upper region, resistance lies at 129.31. The next price resistance is at 130.42. RSI (Relative Strength Index) is 53.93 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 55.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Xylem Inc subject to short interest?
Stocks of Xylem Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.36 million shares to 4.46 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.82 million shares. A decline of -8.07% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.22 of the overall float, the days-to-cover ratio (short ratio) decline to 4.22.
