Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dexcom Inc shares valued at $32,593 were sold by Stern Sadie on Dec 16 ’24. At $76.87 per share, Stern Sadie sold 424 shares. The insider’s holdings dropped to 70,768 shares worth approximately $5.33 million following the completion of this transaction.
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Also, Sylvain Jereme M sold 744 shares, netting a total of over 57,191 in proceeds. Following the sale of shares at $76.87 each, the insider now holds 80,030 shares.
Before that, Leach Jacob Steven had sold 744 shares from its account. In a trade valued at $57,191, the EVP, Chief Operating Officer traded Dexcom Inc shares for $76.87 each. Upon closing the transaction, the insider’s holdings decreased to 744 shares, worth approximately $19.88 million.
As published in a research note from Robert W. Baird on July 26, 2024, Dexcom Inc [DXCM] has been rated down from an Outperform to a Neutral and the price target has been revised to $80 from $161. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of May 30, 2024, Redburn Atlantic has initiated its “Neutral” rating for DXCM. Earlier on March 12, 2024, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for DXCM stock.
Analyzing DXCM Stock Performance
During the last five days, there has been a drop of approximately -6.47%. Over the course of the year, Dexcom Inc shares have dropped approximately -39.35%. Shares of the company reached a 52-week high of $142.00 on 03/26/24 and a 52-week low of $62.34 on 07/26/24. A 50-day SMA is recorded $74.02, while a 200-day SMA reached $98.07. Nevertheless, trading volume fell to 2.75 million shares from 3.58 million shares the previous day.
Support And Resistance Levels for Dexcom Inc (DXCM)
According to the 24-hour chart, there is a support level at 74.47, which, if violated, would cause prices to drop to 73.68. In the upper region, resistance lies at 76.81. The next price resistance is at 78.36. RSI (Relative Strength Index) is 46.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.06, which suggests the price will decrease in the coming days. Percent R is at 97.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
