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. Xylem Inc shares valued at $352,314 were sold by Harker Victoria D on Sep 09 ’24. At $127.65 per share, Harker Victoria D sold 2,760 shares. The insider’s holdings dropped to 19,075 shares worth approximately $2.32 million following the completion of this transaction.
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Also, VICTORIA HARKER purchased 2,760 shares, netting a total of over 352,314 in proceeds.
Before that, McShane Geri-Michelle had sold 2,278 shares from its account. In a trade valued at $315,799, the VP, Controller & CAO traded Xylem Inc shares for $138.63 each. Upon closing the transaction, the insider’s holdings decreased to 2,278 shares, worth approximately $0.43 million.
As published in a research note from TD Cowen on September 03, 2024, Xylem Inc [XYL] has been rated down from a Buy to a Hold and the price target has been revised to $138. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of March 12, 2024, Exane BNP Paribas has initiated its “an Outperform” rating for XYL. Earlier on January 04, 2024, Raymond James upgraded its rating. Their new recommendation was “a Mkt perform” for XYL stock which previously was a “an Underperform”.
Analyzing XYL Stock Performance
During the last five days, there has been a drop of approximately -6.79%. Over the course of the year, Xylem Inc shares have jumped approximately 6.49%. Shares of the company reached a 52-week high of $146.08 on 05/21/24 and a 52-week low of $109.39 on 01/17/24. A 50-day SMA is recorded $133.09, while a 200-day SMA reached $131.67. Nevertheless, trading volume fell to 2.88 million shares from 1.32 million shares the previous day.
Support And Resistance Levels for Xylem Inc (XYL)
According to the 24-hour chart, there is a support level at 119.89, which, if violated, would cause prices to drop to 117.99. In the upper region, resistance lies at 124.64. The next price resistance is at 127.49. RSI (Relative Strength Index) is 23.17 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.86, which suggests the price will decrease in the coming days. Percent R is at 94.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
