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Dexcom Inc (DXCM) Becoming More Attractive for Investors

In a filing, Dexcom Inc revealed its Director Heller Bridgette P unloaded Company’s shares for reported $70000.0 on Sep 16 ’24. In the deal valued at $70.00 per share,1,000 shares were sold. As a result of this transaction, Heller Bridgette P now holds 24,349 shares worth roughly $-1.68 million.

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Then, Heller Bridgette P bought 1,000 shares, generating $70,000 in total proceeds.

Before that, Stern Sadie sold 426 shares. Dexcom Inc shares valued at $29,458 were divested by the EVP, Chief HR Officer at a price of $69.15 per share. As a result of the transaction, Stern Sadie now holds 75,451 shares, worth roughly $5.22 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 -0.04% to $69.18. Over the last five days, the stock has gained 0.82%. Dexcom Inc shares have fallen nearly -44.25% since the year began. Nevertheless, the stocks have fallen -8.36% 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 $70.17, while 200 days put it at $109.09.

Levels Of Support And Resistance For DXCM Stock

The 24-hour chart illustrates a support level at 68.31, which if violated will result in even more drops to 67.44. On the upside, there is a resistance level at 69.93. A further resistance level may holdings at 70.68. The Relative Strength Index (RSI) on the 14-day chart is 48.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.97%. Stochastics %K at 82.18% indicates the stock is a selling.

How much short interest is there in Dexcom Inc?

A steep rise in short interest was recorded in Dexcom Inc stocks on 2024-09-30, growing by 2.22 million shares to a total of 9.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.33 million shares. There was a rise of 23.24%, which implies that there is a positive sentiment for the stock.

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