Dell Technologies Inc. [DELL] Pres., Glob. Sales & Cust. Ops makes an insider purchase of 27,536 shares worth 1.11 million.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dell Technologies Inc. shares valued at $1,106,947 were sold by Scannell William F on Sep 12. At $40.20 per share, Scannell William F sold 27,536 shares. The insider’s holdings dropped to 343,835 shares worth approximately $12.47 million following the completion of this transaction.

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Also, Whitten Anthony Charles sold 107,905 shares, netting a total of over 5,146,714 in proceeds. Following the sale of shares at $47.70 each, the insider now holds 774,352 shares.

Before that, Rios Brunilda had sold 5,969 shares from its account. In a trade valued at $304,121, the Chief Accounting Officer traded Dell Technologies Inc. shares for $50.95 each. Upon closing the transaction, the insider’s holdings decreased to 5,969 shares, worth approximately $0.69 million.

As published in their initiating research note from Credit Suisse on August 17, 2022, Dell Technologies Inc. [DELL] has been an Outperform and the price target has been revised to $60. This represents a 39.53% premium over Thursday’s closing price. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of March 31, 2022, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for DELL. Earlier on March 08, 2022, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for DELL stock which previously was a “an In-line”.

Analyzing DELL’s Price Performance

On Thursday, Dell Technologies Inc. [NYSE: DELL] plunged -1.36% to $36.28. The stock’s lowest price that day was $36.20, but it reached a high of $36.88 in the same session. During the last five days, there has been a drop of approximately -3.64%. Over the course of the year, Dell Technologies Inc. shares have dropped approximately -35.41%. Shares of the company reached a 52-week high of $61.54 on 02/10/22 and a 52-week low of $36.20 on 09/22/22. A 50-day SMA is recorded $42.85, while a 200-day SMA reached $49.43. Nevertheless, trading volume fell to 2.56 million shares from 2.53 million shares the previous day.

Support And Resistance Levels for Dell Technologies Inc. (DELL)

According to the 24-hour chart, there is a support level at 36.03, which, if violated, would cause prices to drop to 35.77. In the upper region, resistance lies at 36.71. The next price resistance is at 37.13. RSI (Relative Strength Index) is 30.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 98.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Dell Technologies Inc. subject to short interest?

Stocks of Dell Technologies Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.56 million shares to 5.94 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.5 million shares. A decline of -43.1% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.52 of the overall float, the days-to-cover ratio (short ratio) decline to 1.52.

Which companies own the most shares of Dell Technologies Inc. (DELL)?

According to Dodge & Cox filings, the company currently owns 20,696,781 shares, which is about 7.79% of the total DELL shares outstanding. The investor’s shares have plunged by -1,474,709 from its previous 13-F filing of 22171490.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $623,017,586. BlackRock Fund Advisors acquire a 28.51% interest valued at $548.26 million while Temasek Holdings Pte Ltd. 0 stake. In its current portfolio, LSV Asset Management holds 5,744,487 shares valued at $219.96 million.


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