Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DENTSPLY Sirona Inc shares valued at $199,983 were purchased by LUCIER GREGORY T on Aug 08 ’24. At $24.35 per share, LUCIER GREGORY T acquired 8,212 shares. The insider’s holdings grew to 66,661 shares worth approximately $1.64 million following the completion of this transaction.
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Also, LUCIER GREGORY T purchased 3,577 shares, netting a total of over 99,976 in proceeds. Following the buying of shares at $27.95 each, the insider now holds 58,374 shares.
Before that, LUCIER GREGORY T had added 10,000 shares to its account. In a trade valued at $314,400, the Director bought DENTSPLY Sirona Inc shares for $31.44 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $1.06 million.
As published in a research note from Needham on August 20, 2024, DENTSPLY Sirona Inc [XRAY] has been retained to a Buy and the price target has been revised to $34. Analysts at Leerink Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. As of November 16, 2023, Needham has initiated its “Buy” rating for XRAY. Earlier on November 10, 2023, William Blair upgraded its rating. Their new recommendation was “an Outperform” for XRAY stock which previously was a “a Mkt perform”.
Analyzing XRAY Stock Performance
During the last five days, there has been a surge of approximately 0.49%. Over the course of the year, DENTSPLY Sirona Inc shares have dropped approximately -30.77%. Shares of the company reached a 52-week high of $37.60 on 01/10/24 and a 52-week low of $23.58 on 08/07/24. A 50-day SMA is recorded $25.25, while a 200-day SMA reached $29.11. Nevertheless, trading volume fell to 4.78 million shares from 2.87 million shares the previous day.
Support And Resistance Levels for DENTSPLY Sirona Inc (XRAY)
According to the 24-hour chart, there is a support level at 24.32, which, if violated, would cause prices to drop to 24.00. In the upper region, resistance lies at 24.84. The next price resistance is at 25.03. RSI (Relative Strength Index) is 43.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 82.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
