DexCom (DXCM)'s Market Value Suffers $6.24 Slide on October 11, 2023

DexCom (DXCM)'s Market Value Suffers $6.24 Slide

DexCom

NASDAQ: DXCM

October 11th : $78.97

−6.24 (7.32%)

On October 11th, 2023, DexCom (NASDAQ: DXCM) exhibited a significant drop in value compared to the previous day's closing price. The stock opened at $84.31, which was notably lower than the prior day's closing price of $85.21. Throughout the trading day, DXCM experienced a price range between the daily high of $85.02 and the low of $77.91, reflecting a considerable intraday fluctuation. It eventually closed at $78.97, signifying a 7.32% or − $6.24 decrease from the previous day's value. After hours, DXCM saw a modest recovery, with the price at $79.30, indicating a 0.42% increase.

DexCom's 52-week performance demonstrated a substantial variance, with the stock's highest point in the past year reaching $139.55 and the lowest at $77.91. The market capitalization stood at an impressive $30.63B, illustrating the company's substantial valuation. The P/E (Price-to-Earnings) ratio for DXCM was notably high at 94.25, suggesting a premium on the stock's earnings relative to its share price.