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Swiss National Bank sold shares of diabetes tech firm DexCom, which still faces high institutional ownership and fluctuating stock prices.
The Swiss National Bank reduced its stake in DexCom, Inc. by selling 48,400 shares in the fourth quarter of 2020, now owning 1,132,000 shares.
DexCom, a medical device company focused on continuous glucose monitoring systems for diabetes management, has seen institutional ownership rise to 97.75% of its stock.
The company's stock price has fluctuated, with a one-year high of $142.00 and a low of $62.34.
Despite missing analysts' earnings expectations, DexCom's stock is rated "Moderate Buy" with a target price of $99.82.
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Swiss National Bank vendió acciones de la empresa de tecnología de la diabetes DexCom, que aún se enfrenta a una alta propiedad institucional y fluctuación de los precios de las acciones.