Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Microsoft Corporation shares valued at $8,869,076 were sold by Hogan Kathleen T on Mar 11 ’24. At $403.96 per share, Hogan Kathleen T sold 21,955 shares. The insider’s holdings dropped to 159,764 shares worth approximately $67.62 million following the completion of this transaction.
Also, Althoff Judson sold 10,000 shares, netting a total of over 4,036,490 in proceeds. Following the sale of shares at $403.65 each, the insider now holds 129,949 shares.
Before that, Nadella Satya had sold 1,276 shares from its account. In a trade valued at $524,359, the Chief Executive Officer traded Microsoft Corporation shares for $410.94 each. Upon closing the transaction, the insider’s holdings decreased to 1,276 shares, worth approximately $339.17 million.
As published in their initiating research note from KeyBanc Capital Markets on March 21, 2024, Microsoft Corporation [MSFT] has been an Overweight and the price target has been revised to $490. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid January. As of December 13, 2023, Truist has initiated its “Buy” rating for MSFT. Earlier on December 05, 2023, China Renaissance initiated its rating. Their recommendation was “a Buy” for MSFT stock.
Analyzing MSFT Stock Performance
During the last five days, there has been a surge of approximately 0.67%. Over the course of the year, Microsoft Corporation shares have jumped approximately 12.56%. Shares of the company reached a 52-week high of $430.82 on 03/21/24 and a 52-week low of $366.50 on 01/05/24. A 50-day SMA is recorded $414.12, while a 200-day SMA reached $364.97. Nevertheless, trading volume fell to 16.19 million shares from 12.51 million shares the previous day.
Support And Resistance Levels for Microsoft Corporation (MSFT)
According to the 24-hour chart, there is a support level at 420.63, which, if violated, would cause prices to drop to 418.00. In the upper region, resistance lies at 424.96. The next price resistance is at 426.66. RSI (Relative Strength Index) is 54.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 57.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Microsoft Corporation subject to short interest?
Stocks of Microsoft Corporation saw a sharp rise in short interest on Mar 28, 2024 jumping by 7.53 million shares to 55.77 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 48.24 million shares. A jump of 13.5% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.6 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.6.
