Microstrategy Inc.’s recently made public that its Executive Chairman SAYLOR MICHAEL J unloaded Company’s shares for reported $8.48 million on Apr 04 ’24. In the deal valued at $1696.01 per share,5,000 shares were sold. As a result of this transaction, SAYLOR MICHAEL J now holds 0 shares worth roughly $0.0.
Then, SAYLOR MICHAEL J sold 5,000 shares, generating $8,194,546 in total proceeds. Upon selling the shares at $1638.91, the Executive Chairman now owns 0 shares.
Before that, SAYLOR MICHAEL J sold 4,553 shares. Microstrategy Inc. shares valued at $6,924,978 were divested by the Executive Chairman at a price of $1520.97 per share. As a result of the transaction, SAYLOR MICHAEL J now holds 447 shares, worth roughly $0.64 million.
The Benchmark Company initiated its Microstrategy Inc. [MSTR] rating to a Buy in a research note published on February 27, 2024; the price target was $990. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. TD Cowen began covering MSTR with “an Outperform” recommendation on July 26, 2023.
Price Performance Review of MSTR
On Friday, Microstrategy Inc. [NASDAQ:MSTR] saw its stock fall -10.92% to $1439.00. Over the last five days, the stock has lost -15.58%. Microstrategy Inc. shares have risen nearly 127.83% since the year began. Nevertheless, the stocks have risen 381.30% over the past one year. While a 52-week high of $1999.99 was reached on 03/27/24, a 52-week low of $266.00 was recorded on 01/23/24. SMA at 50 days reached $1,096.11, while 200 days put it at $598.52. A total of 2.25 million shares were traded, compared to the trading of 1.98 million shares in the previous session.
Levels Of Support And Resistance For MSTR Stock
The 24-hour chart illustrates a support level at 1,355.92, which if violated will result in even more drops to 1,272.83. On the upside, there is a resistance level at 1,598.17. A further resistance level may holdings at 1,757.33. The Relative Strength Index (RSI) on the 14-day chart is 49.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -76.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.87%. Stochastics %K at 42.01% indicates the stock is a holding.
How much short interest is there in Microstrategy Inc.?
A steep rise in short interest was recorded in Microstrategy Inc. stocks on Mar 15, 2024, growing by 0.27 million shares to a total of 3.27 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.0 million shares. There was a rise of 8.26%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 24.36% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.06.
The most recent change occurred on April 28, 2023 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $430 price target.
