Dexcom Inc’s recent filing unveils that its EVP, Chief Legal Officer Brown Michael Jon unloaded Company’s shares for reported $45347.0 on Jul 31 ’24. In the deal valued at $69.55 per share,652 shares were sold. As a result of this transaction, Brown Michael Jon now holds 66,249 shares worth roughly $4.88 million.
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Then, MICHAEL BROWN bought 652 shares, generating $45,347 in total proceeds.
Before that, Brown Michael Jon sold 659 shares. Dexcom Inc shares valued at $75,317 were divested by the EVP Chief Legal Officer at a price of $114.29 per share. As a result of the transaction, Brown Michael Jon now holds 66,901 shares, worth roughly $4.93 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 fall -0.54% to $73.67. Over the last five days, the stock has lost -5.17%. Dexcom Inc shares have fallen nearly -40.63% since the year began. Nevertheless, the stocks have fallen -27.04% 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 $94.71, while 200 days put it at $116.64.
Levels Of Support And Resistance For DXCM Stock
The 24-hour chart illustrates a support level at 73.12, which if violated will result in even more drops to 72.57. On the upside, there is a resistance level at 74.61. A further resistance level may holdings at 75.55. The Relative Strength Index (RSI) on the 14-day chart is 39.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.80%. Stochastics %K at 49.90% indicates the stock is a holding.
How much short interest is there in Dexcom Inc?
A steep rise in short interest was recorded in Dexcom Inc stocks on 2024-07-31, dropping by -3.26 million shares to a total of 7.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 10.31 million shares. There was a decline of -46.25%, which implies that there is a negative sentiment for the stock.
