Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DXC Technology Co shares valued at $53,425 were sold by Voci Christopher Anthony on Sep 13 ’24. At $21.37 per share, Voci Christopher Anthony sold 2,500 shares. The insider’s holdings dropped to 83,746 shares worth approximately $1.89 million following the completion of this transaction.
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Also, Voci Christopher Anthony purchased 2,500 shares, netting a total of over 53,425 in proceeds.
Before that, Finch Mary E had sold 31,047 shares from its account. In a trade valued at $600,915, the EVP, Chief People Officer traded DXC Technology Co shares for $19.36 each. Upon closing the transaction, the insider’s holdings decreased to 31,047 shares, worth approximately $7.35 million.
As published in their initiating research note from Guggenheim on March 19, 2024, DXC Technology Co [DXC] has been a Neutral and the price target has been revised to $22. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late January. As of January 17, 2024, Citigroup has decreased its “Neutral” rating to a “Sell” for DXC. Earlier on October 17, 2023, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for DXC stock which previously was a “a Peer perform”.
Analyzing DXC Stock Performance
During the last five days, there has been a surge of approximately 13.70%. Over the course of the year, DXC Technology Co shares have dropped approximately -1.27%. Shares of the company reached a 52-week high of $24.48 on 01/12/24 and a 52-week low of $14.78 on 05/30/24. A 50-day SMA is recorded $20.66, while a 200-day SMA reached $19.97. Nevertheless, trading volume fell to 1.93 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for DXC Technology Co (DXC)
According to the 24-hour chart, there is a support level at 21.69, which, if violated, would cause prices to drop to 20.79. In the upper region, resistance lies at 23.04. The next price resistance is at 23.49. RSI (Relative Strength Index) is 68.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 0.68%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
