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Leerink Partners gives a Market perform recommendation for DENTSPLY Sirona Inc (XRAY)

DENTSPLY Sirona Inc’s recent filing unveils that its Director LUCIER GREGORY T acquired Company’s shares for reported $91850.0 on Nov 18 ’24. In the deal valued at $18.37 per share,5,000 shares were bought. As a result of this transaction, LUCIER GREGORY T now holds 71,730 shares worth roughly $1.42 million.

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Then, LUCIER GREGORY T bought 1,000 shares, generating $18,279 in total proceeds. Upon buying the shares at $18.28, the Director now owns 16,000 shares.

Before that, Campion Simon D bought 11,306 shares. DENTSPLY Sirona Inc shares valued at $200,341 were divested by the President, CEO & Member of BOD at a price of $17.72 per share. As a result of the transaction, Campion Simon D now holds 272,247 shares, worth roughly $5.4 million.

Leerink Partners downgraded its DENTSPLY Sirona Inc [XRAY] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering XRAY and reiterated its “Buy” recommendation on August 20, 2024. Leerink Partners started covering the stock on February 26, 2024. It rated XRAY as “an Outperform”.

Price Performance Review of XRAY

On Monday, DENTSPLY Sirona Inc [NASDAQ:XRAY] saw its stock jump 0.87% to $19.82. Over the last five days, the stock has gained 5.59%. DENTSPLY Sirona Inc shares have fallen nearly -44.31% since the year began. Nevertheless, the stocks have fallen -37.57% over the past one year. While a 52-week high of $37.60 was reached on 01/10/24, a 52-week low of $17.21 was recorded on 11/08/24. SMA at 50 days reached $22.56, while 200 days put it at $26.88.

Levels Of Support And Resistance For XRAY Stock

The 24-hour chart illustrates a support level at 19.54, which if violated will result in even more drops to 19.27. On the upside, there is a resistance level at 19.98. A further resistance level may holdings at 20.15. The Relative Strength Index (RSI) on the 14-day chart is 45.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.96%. Stochastics %K at 97.05% indicates the stock is a selling.

How much short interest is there in DENTSPLY Sirona Inc?

A steep rise in short interest was recorded in DENTSPLY Sirona Inc stocks on 2024-11-15, dropping by -6.46 million shares to a total of 9.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 16.35 million shares. There was a decline of -65.29%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 16, 2023 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.

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