Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dexcom Inc shares valued at $274,242 were sold by Dolan Matthew Vincent on Apr 15 ’24. At $137.81 per share, Dolan Matthew Vincent sold 1,990 shares. The insider’s holdings dropped to 42,377 shares worth approximately $5.69 million following the completion of this transaction.
Also, SAYER KEVIN R sold 49,633 shares, netting a total of over 6,864,136 in proceeds. Following the sale of shares at $138.30 each, the insider now holds 283,893 shares.
Before that, Brown Michael Jon had sold 2,624 shares from its account. In a trade valued at $367,472, the EVP Chief Legal Officer traded Dexcom Inc shares for $140.04 each. Upon closing the transaction, the insider’s holdings decreased to 2,624 shares, worth approximately $9.22 million.
As published in their initiating research note from RBC Capital Mkts on March 12, 2024, Dexcom Inc [DXCM] has been an Outperform and the price target has been revised to $165. As of April 17, 2023, Raymond James has increased its “an Outperform” rating to a “Strong buy” for DXCM. Earlier on March 29, 2023, UBS initiated its rating. Their recommendation was “a Buy” for DXCM stock.
Analyzing DXCM Stock Performance
During the last five days, there has been a drop of approximately -3.81%. Over the course of the year, Dexcom Inc shares have jumped approximately 8.23%. Shares of the company reached a 52-week high of $142.00 on 03/26/24 and a 52-week low of $113.05 on 02/28/24. A 50-day SMA is recorded $129.31, while a 200-day SMA reached $115.00. Nevertheless, trading volume fell to 2.12 million shares from 3.04 million shares the previous day.
Support And Resistance Levels for Dexcom Inc (DXCM)
According to the 24-hour chart, there is a support level at 133.26, which, if violated, would cause prices to drop to 132.21. In the upper region, resistance lies at 135.67. The next price resistance is at 137.03. RSI (Relative Strength Index) is 49.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.33, which suggests the price will decrease in the coming days. Percent R is at 75.02%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
