Microsoft Corporation’s recently made public that its Chief Executive Officer Nadella Satya unloaded Company’s shares for reported $1.19 million on Feb 28. In the deal valued at $248.88 per share,4,767 shares were sold. As a result of this transaction, Nadella Satya now holds 788,625 shares worth roughly $ 205.67 million.
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Then, Capossela Christopher C sold 1,000 shares, generating $272,323 in total proceeds. Upon selling the shares at $272.32, the EVP, Chief Marketing Officer now owns 116,362 shares.
Before that, Capossela Christopher C sold 1,000 shares. Microsoft Corporation shares valued at $269,380 were divested by the EVP, Chief Marketing Officer at a price of $269.38 per share. As a result of the transaction, Capossela Christopher C now holds 117,362 shares, worth roughly $30.61 million.
BMO Capital Markets downgraded its Microsoft Corporation [MSFT] rating to a Market perform from a an Outperform in a research note published on Tuesday, January 25, 2023; the price target was decreased to $265 from $267. PT values the company’s stock at a premium of 1.59 to its Tuesday closing price. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in mid January from “a Neutral” to “a Sell”. DA Davidson began covering MSFT with “Buy” recommendation on January 05, 2023. UBS revised its rating on January 04, 2023. It rated MSFT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MSFT
On Tuesday, Microsoft Corporation [NASDAQ:MSFT] saw its stock jump 2.71% to $260.79. On the same session, the stock had its day’s lowest price of $255.86, but rose to a high of $261.07. Over the last five days, the stock has gained 2.61%. Microsoft Corporation shares have risen nearly 8.74% since the year began. Nevertheless, the stocks have fallen -6.88% over the past one year. While a 52-week high of $315.95 was reached on 02/08/23, a 52-week low of $213.43 was recorded on 01/06/23. SMA at 50 days reached $249.05, while 200 days put it at $252.46. A total of 33.38 million shares were traded, compared to the trading of 33.34 million shares in the previous session.
Levels Of Support And Resistance For MSFT Stock
The 24-hour chart illustrates a support level at 257.41, which if violated will result in even more drops to 254.03. On the upside, there is a resistance level at 262.62. A further resistance level may holdings at 264.45. The Relative Strength Index (RSI) on the 14-day chart is 57.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.81%. Stochastics %K at 58.67% indicates the stock is a holding.
How much short interest is there in Microsoft Corporation?
A steep rise in short interest was recorded in Microsoft Corporation stocks on Jan 12, 2023, dropping by -5.25 million shares to a total of 36.32 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 41.57 million shares. There was a decline of -14.45%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.15.
Microsoft Corporation [MSFT] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 611,594,390 shares, or roughly 8.22% of the outstanding MSFT shares. In other words, the investor’s shares have risen by 7,924,079 from its previous 13-F filing of 603670311.0. Additionally, BlackRock Fund Advisors increased 2.12% of its stake after which the total value it holdings stand at $84,913,620,548, while SSgA Funds Management, Inc. reduced -0.32% of its stake to hold $73.47 billion in the firm. Over the last quarter, Fidelity Management & Research Co sold -6,351,986 shares of Microsoft Corporation, while T. Rowe Price Associates, Inc. sold -2,699,403 shares. At present, Geode Capital Management LLC is holding 142,731,177 shares valued at $35.6 billion. Capital Research & Management Co owned 91,715,063 shares of the company at the time of its most recent 13F filing, worth $22.88 billion.
According to FactSet, Microsoft Corporation’s share price will average $284.04 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.24 percent from its previous closing price of $253.92. Analysts expect Microsoft Corporation stock to reach the higher price of $325.00, while the lowest price estimate is $212.00. However, 49 analysts have rated MSFT stock as an Overweight in their predictions for 2023. The most recent change occurred on November 02, 2022 when Macquarie began covering the stock and recommended ‘”a Neutral”‘ rating along with a $234 price target.