Destination XL Group Inc’s recently made public that its 10% Owner Fund 1 Investments, LLC unloaded Company’s shares for reported $0.71 million on May 03 ’24. In the deal valued at $3.15 per share,225,000 shares were sold. As a result of this transaction, Fund 1 Investments, LLC now holds 5,691,577 shares worth roughly $15.71 million.
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Then, Molloy Robert S sold 20,000 shares, generating $80,006 in total proceeds. Upon selling the shares at $4.00, the General Counsel & Secretary now owns 240,409 shares.
Before that, Molloy Robert S sold 20,000 shares. Destination XL Group Inc shares valued at $80,114 were divested by the General Counsel & Secretary at a price of $4.01 per share. As a result of the transaction, Molloy Robert S now holds 240,409 shares, worth roughly $0.66 million.
Craig Hallum downgraded its Destination XL Group Inc [DXLG] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating.
Price Performance Review of DXLG
On Tuesday, Destination XL Group Inc [NASDAQ:DXLG] saw its stock fall -5.80% to $2.76. Over the last five days, the stock has lost -3.83%. Destination XL Group Inc shares have fallen nearly -37.27% since the year began. Nevertheless, the stocks have fallen -33.65% over the past one year. While a 52-week high of $4.94 was reached on 01/02/24, a 52-week low of $2.75 was recorded on 08/27/24. SMA at 50 days reached $3.36, while 200 days put it at $3.70.
Levels Of Support And Resistance For DXLG Stock
The 24-hour chart illustrates a support level at 2.70, which if violated will result in even more drops to 2.65. On the upside, there is a resistance level at 2.86. A further resistance level may holdings at 2.97. The Relative Strength Index (RSI) on the 14-day chart is 34.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.30%. Stochastics%K at 29.46% indicates the stock is a holding.
How much short interest is there in Destination XL Group Inc?
A steep rise in short interest was recorded in Destination XL Group Inc stocks on 2024-07-31, dropping by 90757.0 shares to a total of 5.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.54 million shares. There was a decline of -1.66%, which implies that there is a negative sentiment for the stock.
