Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DXC Technology Co shares valued at $295,066 were sold by Finch Mary E on Nov 12 ’24. At $22.90 per share, Finch Mary E sold 12,885 shares. The insider’s holdings dropped to 312,780 shares worth approximately $7.04 million following the completion of this transaction.
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Also, Drumgoole Christopher sold 23,500 shares, netting a total of over 519,350 in proceeds. Following the sale of shares at $22.10 each, the insider now holds 323,352 shares.
Before that, Drumgoole Christopher had added 23,500 shares to its account. In a trade valued at $517,685, the Officer bought DXC Technology Co shares for $22.03 each.
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 drop of approximately -0.13%. Over the course of the year, DXC Technology Co shares have dropped approximately -1.62%. Shares of the company reached a 52-week high of $24.83 on 11/08/24 and a 52-week low of $14.78 on 05/30/24. A 50-day SMA is recorded $21.01, while a 200-day SMA reached $19.96. Nevertheless, trading volume fell to 0.58 million shares from 2.02 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 22.27, which, if violated, would cause prices to drop to 22.03. In the upper region, resistance lies at 22.65. The next price resistance is at 22.79. RSI (Relative Strength Index) is 57.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.66, which suggests the price will decrease in the coming days. Percent R is at 13.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
