DENTSPLY International (NASDAQ:XRAY) has tumbled 0.63% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.69% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.56% and the outperformance has advanced to 2.74% for the last 4 weeks period.
DENTSPLY International (NASDAQ:XRAY): The stock opened at $63.14 on Friday but the bulls could not build on the opening and the stock topped out at $63.47 for the day. The stock traded down to $62.50 during the day, due to lack of any buying support eventually closed down at $63.21 with a loss of -0.46% for the day. The stock had closed at $63.50 on the previous day. The total traded volume was 6,418,705 shares.
The company shares have rallied 19.15% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $65.83 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $61.93 and the 200 Day Moving Average price is recorded at $60.29.
On the companys insider trading activities,The (Exec VP, Mfg & Supply Chain) of Dentsply Sirona Inc., Berthan Rainer sold 6,464 shares at $62.56 on June 2, 2016. The Insider selling transaction had a total value worth of $404,388. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Piper Jaffray initiates coverage on DENTSPLY International (NASDAQ:XRAY).The analysts at the brokerage house have a current rating of Overweight on the shares. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 2.2% of DENTSPLY International shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.44% . Institutional Investors own 95.23% of DENTSPLY International shares. During last six month period, the net percent change held by insiders has seen a change of -16.44%.
DENTSPLY International Inc. is a designer, developer, manufacturer and marketer of a range of consumable dental products for the professional dental market. It operates through three segments: Dental Consumable and Certain International Businesses; Dental Specialty and Laboratory and Certain Global Distribution Businesses, and Healthcare and Emerging Markets Businesses. All the segments are primarily engaged in the design, manufacture and distribution of dental and medical products in four product categories. Its Dental Consumable Products consist of dental supplies and devices and small equipment used in dental offices. Its Dental Laboratory Products are used in the preparation of dental appliances by dental laboratories. Its Dental Specialty Products are specialized treatment products used within the dental office and laboratory settings. Its Consumable Medical Device Products consist mainly of urology catheters, certain surgical products, medical drills and other products.