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DXC Technology Co [DXC] Records 50-Day SMA of $18.46

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DXC Technology Co shares valued at $203,267 were sold by Drumgoole Christopher on Mar 14 ’24. At $20.33 per share, Drumgoole Christopher sold 10,000 shares. The insider’s holdings dropped to 214,682 shares worth approximately $3.95 million following the completion of this transaction.

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Also, Voci Christopher Anthony sold 2,500 shares, netting a total of over 51,494 in proceeds. Following the sale of shares at $20.60 each, the insider now holds 70,851 shares.

Before that, DECKELMAN WILLIAM L JR had sold 18,102 shares from its account. In a trade valued at $396,072, the EVP & General Counsel traded DXC Technology Co shares for $21.88 each. Upon closing the transaction, the insider’s holdings decreased to 18,102 shares, worth approximately $1.96 million.

As published in their initiating research note from Guggenheim on March 19, 2024, DXC Technology Co [DXC] has been a Neutral and the price target has been revised to $22. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late January. As of January 17, 2024, Citigroup has decreased its “Neutral” rating to a “Sell” for DXC. Earlier on October 17, 2023, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for DXC stock which previously was a “a Peer perform”.

Analyzing DXC Stock Performance

During the last five days, there has been a drop of approximately -2.64%. Over the course of the year, DXC Technology Co shares have dropped approximately -19.50%. Shares of the company reached a 52-week high of $24.48 on 01/12/24 and a 52-week low of $14.78 on 05/30/24. A 50-day SMA is recorded $18.46, while a 200-day SMA reached $20.96. Nevertheless, trading volume fell to 1.54 million shares from 3.03 million shares the previous day.

Support And Resistance Levels for DXC Technology Co (DXC)

According to the 24-hour chart, there is a support level at 18.14, which, if violated, would cause prices to drop to 17.87. In the upper region, resistance lies at 18.70. The next price resistance is at 18.98. RSI (Relative Strength Index) is 56.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 28.21%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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