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TD Cowen analysts downgrades a Hold rating for Xylem Inc (XYL)

In a filing, Xylem Inc revealed its Director Harker Victoria D unloaded Company’s shares for reported $0.35 million on Sep 09 ’24. In the deal valued at $127.65 per share,2,760 shares were sold. As a result of this transaction, Harker Victoria D now holds 19,075 shares worth roughly $2.46 million.

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Then, VICTORIA HARKER bought 2,760 shares, generating $352,314 in total proceeds.

Before that, McShane Geri-Michelle sold 2,278 shares. Xylem Inc shares valued at $315,799 were divested by the VP, Controller & CAO at a price of $138.63 per share. As a result of the transaction, McShane Geri-Michelle now holds 3,536 shares, worth roughly $0.46 million.

TD Cowen downgraded its Xylem Inc [XYL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid August with a ‘”a Buy”‘ rating. Exane BNP Paribas began covering XYL with “an Outperform” recommendation on March 12, 2024. Raymond James revised its rating on January 04, 2024. It rated XYL as “a Mkt perform” which previously was an “an Underperform”.

Price Performance Review of XYL

On Monday, Xylem Inc [NYSE:XYL] saw its stock jump 1.63% to $128.94. Over the last five days, the stock has gained 5.29%. Xylem Inc shares have risen nearly 12.75% since the year began. Nevertheless, the stocks have risen 24.87% over the past one year. While a 52-week high of $146.08 was reached on 05/21/24, a 52-week low of $102.42 was recorded on 01/17/24. SMA at 50 days reached $130.05, while 200 days put it at $132.36.

Levels Of Support And Resistance For XYL Stock

The 24-hour chart illustrates a support level at 126.95, which if violated will result in even more drops to 124.95. On the upside, there is a resistance level at 130.11. A further resistance level may holdings at 131.27. The Relative Strength Index (RSI) on the 14-day chart is 58.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.10%. Stochastics %K at 87.03% indicates the stock is a selling.

How much short interest is there in Xylem Inc?

A steep rise in short interest was recorded in Xylem Inc stocks on 2024-10-31, dropping by -0.15 million shares to a total of 2.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.64 million shares. There was a decline of -6.18%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 13, 2023 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $127 price target.

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