The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ExlService Holdings Inc shares valued at $1,266,300 were sold by Kapoor Rohit on Aug 29 ’24. At $36.18 per share, Kapoor Rohit sold 35,000 shares. The insider’s holdings dropped to 1,424,588 shares worth approximately $59.33 million following the completion of this transaction.
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Also, Kapoor Rohit sold 34,348 shares, netting a total of over 1,246,832 in proceeds. Following the sale of shares at $36.30 each, the insider now holds 1,390,240 shares.
Before that, Kapoor Rohit had added 69,348 shares to its account. In a trade valued at $2,512,478, the Officer bought ExlService Holdings Inc shares for $36.23 each.
As published in a research note from Jefferies on September 09, 2024, ExlService Holdings Inc [EXLS] has been rated up from a Hold to a Buy and the price target has been revised to $42 from $35. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of January 17, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for EXLS. Earlier on September 19, 2023, Jefferies initiated its rating. Their recommendation was “a Hold” for EXLS stock.
Analyzing EXLS Stock Performance
During the last five days, there has been a surge of approximately 6.03%. Over the course of the year, ExlService Holdings Inc shares have jumped approximately 35.01%. Shares of the company reached a 52-week high of $42.15 on 10/30/24 and a 52-week low of $28.16 on 04/05/24. A 50-day SMA is recorded $37.70, while a 200-day SMA reached $32.93. Nevertheless, trading volume fell to 1.85 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for ExlService Holdings Inc (EXLS)
According to the 24-hour chart, there is a support level at 39.94, which, if violated, would cause prices to drop to 38.24. In the upper region, resistance lies at 42.75. The next price resistance is at 43.86. RSI (Relative Strength Index) is 71.76 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 13.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
