Super Micro Computer Inc’s recently made public that its Director FAIRFAX DANIEL W unloaded Company’s shares for reported $0.3 million on Apr 01 ’24. In the deal valued at $1010.00 per share,300 shares were sold. As a result of this transaction, FAIRFAX DANIEL W now holds 19,487 shares worth roughly $18.09 million.
Then, FAIRFAX DANIEL W sold 300 shares, generating $264,564 in total proceeds. Upon selling the shares at $881.88, the Director now owns 19,787 shares.
Before that, TUAN SHERMAN sold 5,000 shares. Super Micro Computer Inc shares valued at $4,369,884 were divested by the Director at a price of $873.98 per share. As a result of the transaction, TUAN SHERMAN now holds 22,113 shares, worth roughly $20.53 million.
JP Morgan initiated its Super Micro Computer Inc [SMCI] rating to an Overweight in a research note published on March 25, 2024; the price target was $1150. A number of analysts have revised their coverage, including Argus’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Goldman began covering SMCI with “Neutral” recommendation on March 04, 2024. BofA Securities started covering the stock on February 15, 2024. It rated SMCI as “a Buy”.
Price Performance Review of SMCI
On Monday, Super Micro Computer Inc [NASDAQ:SMCI] saw its stock fall -2.06% to $928.50. Over the last five days, the stock has lost -10.48%. Super Micro Computer Inc shares have risen nearly 226.64% since the year began. Nevertheless, the stocks have risen 759.48% over the past one year. While a 52-week high of $1229.00 was reached on 03/08/24, a 52-week low of $93.19 was recorded on 01/02/24. SMA at 50 days reached $890.76, while 200 days put it at $436.15. A total of 4.28 million shares were traded, compared to the trading of 6.18 million shares in the previous session.
Levels Of Support And Resistance For SMCI Stock
The 24-hour chart illustrates a support level at 899.00, which if violated will result in even more drops to 869.50. On the upside, there is a resistance level at 961.00. A further resistance level may holdings at 993.50. The Relative Strength Index (RSI) on the 14-day chart is 45.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -37.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.73%. Stochastics %K at 32.07% indicates the stock is a holding.
How much short interest is there in Super Micro Computer Inc?
A steep rise in short interest was recorded in Super Micro Computer Inc stocks on Mar 15, 2024, dropping by -1.27 million shares to a total of 4.03 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.3 million shares. There was a decline of -31.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.45% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.29.
