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Robert W. Baird Downgrades Dexcom Inc (DXCM) to a Neutral from an Outperform

NUE

Dexcom Inc’s recent filing unveils that its EVP Chief Legal Officer Brown Michael Jon unloaded Company’s shares for reported $75317.0 on Jun 28 ’24. In the deal valued at $114.29 per share,659 shares were sold. As a result of this transaction, Brown Michael Jon now holds 66,901 shares worth roughly $4.51 million.

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Then, FOLETTA MARK G sold 3,306 shares, generating $386,122 in total proceeds. Upon selling the shares at $116.79, the Director now owns 56,398 shares.

Before that, FOLETTA MARK G sold 2,694 shares. Dexcom Inc shares valued at $315,907 were divested by the Director at a price of $117.26 per share. As a result of the transaction, FOLETTA MARK G now holds 59,704 shares, worth roughly $4.03 million.

Robert W. Baird downgraded its Dexcom Inc [DXCM] rating to a Neutral from a an Outperform in a research note published on July 26, 2024; the price target was decreased to $80 from $161. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “a Neutral”. Redburn Atlantic began covering DXCM with “Neutral” recommendation on May 30, 2024. RBC Capital Mkts started covering the stock on March 12, 2024. It rated DXCM as “an Outperform”.

Price Performance Review of DXCM

On Monday, Dexcom Inc [NASDAQ:DXCM] saw its stock jump 5.44% to $67.48. Over the last five days, the stock has lost -39.56%. Dexcom Inc shares have fallen nearly -45.62% since the year began. Nevertheless, the stocks have fallen -47.84% over the past one year. While a 52-week high of $142.00 was reached on 03/26/24, a 52-week low of $62.34 was recorded on 07/26/24. SMA at 50 days reached $114.80, while 200 days put it at $118.05. A total of 18.36 million shares were traded, compared to the trading of 53.91 million shares in the previous session.

Levels Of Support And Resistance For DXCM Stock

The 24-hour chart illustrates a support level at 64.79, which if violated will result in even more drops to 62.10. On the upside, there is a resistance level at 69.55. A further resistance level may holdings at 71.62. The Relative Strength Index (RSI) on the 14-day chart is 16.52, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -25.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.63%. Stochastics%K at 5.14% indicates the stock is a buying.

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