Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Xylem Inc shares valued at $315,799 were sold by McShane Geri-Michelle on Jun 10 ’24. At $138.63 per share, McShane Geri-Michelle sold 2,278 shares. The insider’s holdings dropped to 3,536 shares worth approximately $0.47 million following the completion of this transaction.
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Also, Aulick Rodney sold 21,800 shares, netting a total of over 3,030,387 in proceeds. Following the sale of shares at $139.01 each, the insider now holds 76,287 shares.
Before that, Yarkadas Hayati had sold 4,547 shares from its account. In a trade valued at $579,879, the SVP & President, EU, WI & GLS traded Xylem Inc shares for $127.53 each. Upon closing the transaction, the insider’s holdings decreased to 4,547 shares, worth approximately $1.25 million.
As published in their initiating research note from Exane BNP Paribas on March 12, 2024, Xylem Inc [XYL] has been an Outperform and the price target has been revised to $150. Analysts at Raymond James upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early January. As of December 13, 2023, Wolfe Research has initiated its “an Outperform” rating for XYL. Earlier on November 21, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for XYL stock which previously was a “a Hold”.
Analyzing XYL Stock Performance
During the last five days, there has been a drop of approximately -2.77%. Over the course of the year, Xylem Inc shares have jumped approximately 16.59%. Shares of the company reached a 52-week high of $146.08 on 05/21/24 and a 52-week low of $109.39 on 01/17/24. A 50-day SMA is recorded $138.13, while a 200-day SMA reached $122.29. Nevertheless, trading volume fell to 1.56 million shares from 2.44 million shares the previous day.
Support And Resistance Levels for Xylem Inc (XYL)
According to the 24-hour chart, there is a support level at 131.76, which, if violated, would cause prices to drop to 130.19. In the upper region, resistance lies at 134.82. The next price resistance is at 136.31. RSI (Relative Strength Index) is 41.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.40, which suggests the price will decrease in the coming days. Percent R is at 86.04%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
