In a filing, Dell Technologies Inc revealed its Director SLTA IV (GP), L.L.C. unloaded Company’s shares for reported $46.21 million on Apr 04 ’24. In the deal valued at $133.19 per share,346,931 shares were sold. As a result of this transaction, SLTA IV (GP), L.L.C. now holds 152 shares worth roughly $19326.8.
Then, SLTA V (GP), L.L.C. sold 346,931 shares, generating $46,207,922 in total proceeds. Upon selling the shares at $133.19, the Director now owns 152 shares.
Before that, SLTA IV (GP), L.L.C. sold 42,545 shares. Dell Technologies Inc shares valued at $5,716,772 were divested by the Director at a price of $134.37 per share. As a result of the transaction, SLTA IV (GP), L.L.C. now holds 0 shares, worth roughly $0.0.
TD Cowen reiterated its Dell Technologies Inc [DELL] rating to a Market perform in a research note published on March 01, 2024; the price target was $105. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. Evercore ISI also remained covering DELL and reiterated its “an Outperform” recommendation on February 23, 2024. JP Morgan revised its rating on January 08, 2024. It rated DELL as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of DELL
On Monday, Dell Technologies Inc [NYSE:DELL] saw its stock fall -4.20% to $127.15. Over the last five days, the stock has gained 6.28%. Dell Technologies Inc shares have risen nearly 66.21% since the year began. Nevertheless, the stocks have risen 211.64% over the past one year. While a 52-week high of $136.16 was reached on 04/04/24, a 52-week low of $39.90 was recorded on 01/02/24. SMA at 50 days reached $101.98, while 200 days put it at $75.08. A total of 11.84 million shares were traded, compared to the trading of 4.3 million shares in the previous session.
Levels Of Support And Resistance For DELL Stock
The 24-hour chart illustrates a support level at 123.99, which if violated will result in even more drops to 120.84. On the upside, there is a resistance level at 131.87. A further resistance level may holdings at 136.60. The Relative Strength Index (RSI) on the 14-day chart is 65.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.96%. Stochastics %K at 77.18% indicates the stock is a holding.
How much short interest is there in Dell Technologies Inc?
A steep rise in short interest was recorded in Dell Technologies Inc stocks on Mar 15, 2024, dropping by -2.09 million shares to a total of 7.75 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 9.84 million shares. There was a decline of -26.97%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.69.
The most recent change occurred on December 01, 2023 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $75.
