Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dell Technologies Inc shares valued at $12,491,184 were sold by Rothberg Richard J on Apr 08 ’24. At $132.95 per share, Rothberg Richard J sold 93,954 shares. The insider’s holdings dropped to 86,836 shares worth approximately $10.77 million following the completion of this transaction.
Also, SLTA IV (GP), L.L.C. sold 346,931 shares, netting a total of over 46,207,922 in proceeds. Following the sale of shares at $133.19 each, the insider now holds 152 shares.
Before that, SLTA V (GP), L.L.C. had sold 346,931 shares from its account. In a trade valued at $46,207,922, the Director traded Dell Technologies Inc shares for $133.19 each. Upon closing the transaction, the insider’s holdings decreased to 346,931 shares, worth approximately $18854.08.
As published in a research note from TD Cowen on March 01, 2024, Dell Technologies Inc [DELL] has been retained to a Market perform and the price target has been revised to $105. Analysts at Loop Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in late February. As of February 23, 2024, Evercore ISI has reiterated its “an Outperform” rating for DELL. Earlier on January 08, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for DELL stock which previously was a “a Neutral”.
Analyzing DELL Stock Performance
During the last five days, there has been a drop of approximately -2.45%. Over the course of the year, Dell Technologies Inc shares have jumped approximately 62.14%. Shares of the company reached a 52-week high of $136.16 on 04/04/24 and a 52-week low of $74.32 on 01/02/24. A 50-day SMA is recorded $104.36, while a 200-day SMA reached $76.16. Nevertheless, trading volume fell to 5.03 million shares from 5.94 million shares the previous day.
Support And Resistance Levels for Dell Technologies Inc (DELL)
According to the 24-hour chart, there is a support level at 122.86, which, if violated, would cause prices to drop to 121.68. In the upper region, resistance lies at 125.50. The next price resistance is at 126.96. RSI (Relative Strength Index) is 60.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.96, which suggests the price will increase in the coming days. Percent R is at 46.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Dell Technologies Inc subject to short interest?
Stocks of Dell Technologies Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -2.09 million shares to 7.75 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 9.84 million shares. A decline of -26.97% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.69 of the overall float, the days-to-cover ratio (short ratio) decline to 0.69.
