KD Logo

Needham gives a Buy recommendation for DENTSPLY Sirona Inc (XRAY)

In a filing, DENTSPLY Sirona Inc revealed its Director LUCIER GREGORY T acquired Company’s shares for reported $0.2 million on Aug 08 ’24. In the deal valued at $24.35 per share,8,212 shares were bought. As a result of this transaction, LUCIER GREGORY T now holds 66,661 shares worth roughly $1.68 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, LUCIER GREGORY T bought 3,577 shares, generating $99,976 in total proceeds. Upon buying the shares at $27.95, the Director now owns 58,374 shares.

Before that, LUCIER GREGORY T bought 10,000 shares. DENTSPLY Sirona Inc shares valued at $314,400 were divested by the Director at a price of $31.44 per share. As a result of the transaction, LUCIER GREGORY T now holds 43,121 shares, worth roughly $1.09 million.

Needham reiterated its DENTSPLY Sirona Inc [XRAY] rating to a Buy in a research note published on August 20, 2024; the price target was $34. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”an Outperform”‘ rating. Needham began covering XRAY with “Buy” recommendation on November 16, 2023. William Blair revised its rating on November 10, 2023. It rated XRAY as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of XRAY

On Friday, DENTSPLY Sirona Inc [NASDAQ:XRAY] saw its stock jump 2.06% to $25.22. Over the last five days, the stock has lost -6.77%. DENTSPLY Sirona Inc shares have fallen nearly -29.14% since the year began. Nevertheless, the stocks have fallen -24.26% over the past one year. While a 52-week high of $37.60 was reached on 01/10/24, a 52-week low of $23.58 was recorded on 08/07/24. SMA at 50 days reached $25.49, while 200 days put it at $29.54.

Levels Of Support And Resistance For XRAY Stock

The 24-hour chart illustrates a support level at 24.98, which if violated will result in even more drops to 24.73. On the upside, there is a resistance level at 25.35. A further resistance level may holdings at 25.47. The Relative Strength Index (RSI) on the 14-day chart is 45.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.40%. Stochastics %K at 13.68% indicates the stock is a buying.

How much short interest is there in DENTSPLY Sirona Inc?

A steep rise in short interest was recorded in DENTSPLY Sirona Inc stocks on 2024-09-13, growing by 1.78 million shares to a total of 17.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 15.39 million shares. There was a rise of 10.37%, which implies that there is a positive sentiment for the stock.

Most Popular