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Dexcom Inc [DXCM] Shares Fall Approximately -12.72% Over the Year

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dexcom Inc shares valued at $75,317 were sold by Brown Michael Jon on Jun 28 ’24. At $114.29 per share, Brown Michael Jon sold 659 shares. The insider’s holdings dropped to 66,901 shares worth approximately $7.42 million following the completion of this transaction.

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Also, FOLETTA MARK G sold 3,306 shares, netting a total of over 386,122 in proceeds. Following the sale of shares at $116.79 each, the insider now holds 56,398 shares.

Before that, FOLETTA MARK G had sold 2,694 shares from its account. In a trade valued at $315,907, the Director traded Dexcom Inc shares for $117.26 each. Upon closing the transaction, the insider’s holdings decreased to 2,694 shares, worth approximately $6.62 million.

As published in their initiating research note from Redburn Atlantic on May 30, 2024, Dexcom Inc [DXCM] has been a Neutral and the price target has been revised to $130. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid March. Earlier on April 17, 2023, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for DXCM stock which previously was a “an Outperform”.

Analyzing DXCM Stock Performance

During the last five days, there has been a drop of approximately -2.33%. Over the course of the year, Dexcom Inc shares have dropped approximately -10.66%. Shares of the company reached a 52-week high of $142.00 on 03/26/24 and a 52-week low of $108.71 on 06/25/24. A 50-day SMA is recorded $122.34, while a 200-day SMA reached $116.59. Nevertheless, trading volume fell to 1.35 million shares from 1.78 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 109.65, which, if violated, would cause prices to drop to 108.39. In the upper region, resistance lies at 112.33. The next price resistance is at 113.75. RSI (Relative Strength Index) is 35.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.97, which suggests the price will decrease in the coming days. Percent R is at 76.09%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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