Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dynex Capital, Inc. shares valued at $215,767 were purchased by Byron L. Boston on Aug 30 ’24. At $12.59 per share, Byron L. Boston acquired 17,138 shares.
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Also, Smriti L. Popenoe purchased 14,709 shares, netting a total of over 185,186 in proceeds.
As published in their initiating research note from Janney on June 06, 2024, Dynex Capital, Inc. [DX] has been a Buy and the price target has been revised to $13.50. Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of December 06, 2023, UBS has initiated its “Neutral” rating for DX. Earlier on January 09, 2023, Credit Suisse upgraded its rating. Their new recommendation was “an Outperform” for DX stock which previously was a “a Neutral”.
Analyzing DX Stock Performance
During the last five days, there has been a drop of approximately -1.83%. Over the course of the year, Dynex Capital, Inc. shares have dropped approximately -1.68%. Shares of the company reached a 52-week high of $13.13 on 01/29/24 and a 52-week low of $11.36 on 04/23/24. A 50-day SMA is recorded $12.41, while a 200-day SMA reached $12.27. Nevertheless, trading volume fell to 1.91 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Dynex Capital, Inc. (DX)
According to the 24-hour chart, there is a support level at 12.26, which, if violated, would cause prices to drop to 12.21. In the upper region, resistance lies at 12.40. The next price resistance is at 12.49. RSI (Relative Strength Index) is 43.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 98.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
