Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Microstrategy Inc. shares valued at $5,649,840 were sold by SAYLOR MICHAEL J on Apr 09 ’24. At $1410.34 per share, SAYLOR MICHAEL J sold 4,006 shares. The insider’s holdings dropped to 994 shares worth approximately $1.56 million following the completion of this transaction.
Also, SAYLOR MICHAEL J sold 994 shares, netting a total of over 1,453,255 in proceeds. Following the sale of shares at $1462.03 each, the insider now holds 0 shares.
Before that, SAYLOR MICHAEL J had sold 5,000 shares from its account. In a trade valued at $7,687,003, the Executive Chairman traded Microstrategy Inc. shares for $1537.40 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $0.0.
As published in their initiating research note from The Benchmark Company on February 27, 2024, Microstrategy Inc. [MSTR] has been a Buy and the price target has been revised to $990. Analysts at BTIG Research resumed the stock at ‘”a Buy”‘ outlook in a report released in mid December. As of July 26, 2023, TD Cowen has initiated its “an Outperform” rating for MSTR.
Analyzing MSTR Stock Performance
During the last five days, there has been a drop of approximately -2.50%. Over the course of the year, Microstrategy Inc. shares have jumped approximately 147.93%. Shares of the company reached a 52-week high of $1,999.99 on 03/27/24 and a 52-week low of $438.74 on 01/23/24. A 50-day SMA is recorded $1,157.19, while a 200-day SMA reached $616.18. Nevertheless, trading volume fell to 1.89 million shares from 2.06 million shares the previous day.
Support And Resistance Levels for Microstrategy Inc. (MSTR)
According to the 24-hour chart, there is a support level at 1,437.85, which, if violated, would cause prices to drop to 1,309.69. In the upper region, resistance lies at 1,630.08. The next price resistance is at 1,694.15. RSI (Relative Strength Index) is 53.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -127.27, which suggests the price will decrease in the coming days. Percent R is at 69.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Microstrategy Inc. subject to short interest?
Stocks of Microstrategy Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.51 million shares to 3.4 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 2.89 million shares. A jump of 15.0% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.89 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.89.
