Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ExlService Holdings Inc shares valued at $1,144,836 were sold by Kapoor Rohit on May 20 ’24. At $31.07 per share, Kapoor Rohit sold 36,847 shares. The insider’s holdings dropped to 1,549,588 shares worth approximately $48.29 million following the completion of this transaction.
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Also, Kapoor Rohit sold 30,000 shares, netting a total of over 914,100 in proceeds. Following the sale of shares at $30.47 each, the insider now holds 1,586,435 shares.
Before that, Kapoor Rohit had sold 15,000 shares from its account. In a trade valued at $459,150, the Chairman & CEO traded ExlService Holdings Inc shares for $30.61 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $50.37 million.
As published in a research note from Wedbush on May 08, 2024, ExlService Holdings Inc [EXLS] has been rated up from a Neutral to an Outperform and the price target has been revised to $40 from $34. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of September 19, 2023, Jefferies has initiated its “Hold” rating for EXLS. Earlier on March 15, 2023, Citigroup upgraded its rating. Their new recommendation was “a Neutral” for EXLS stock which previously was a “a Sell”.
Analyzing EXLS Stock Performance
During the last five days, there has been a surge of approximately 1.86%. Over the course of the year, ExlService Holdings Inc shares have jumped approximately 1.00%. 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 $30.36, while a 200-day SMA reached $29.56. Nevertheless, trading volume fell to 0.75 million shares from 0.58 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 31.01, which, if violated, would cause prices to drop to 30.86. In the upper region, resistance lies at 31.36. The next price resistance is at 31.56. RSI (Relative Strength Index) is 59.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 13.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
