In a filing, Microstrategy Inc. revealed its Executive Chairman SAYLOR MICHAEL J unloaded Company’s shares for reported $7.7 million on Apr 11 ’24. In the deal valued at $1539.73 per share,5,000 shares were sold. As a result of this transaction, SAYLOR MICHAEL J now holds 0 shares worth roughly $0.0.
Then, SAYLOR MICHAEL J sold 5,000 shares, generating $7,289,219 in total proceeds. Upon selling the shares at $1457.84, the Executive Chairman now owns 0 shares.
Before that, SAYLOR MICHAEL J sold 4,006 shares. Microstrategy Inc. shares valued at $5,649,840 were divested by the Executive Chairman at a price of $1410.34 per share. As a result of the transaction, SAYLOR MICHAEL J now holds 994 shares, worth roughly $1.47 million.
The Benchmark Company initiated its Microstrategy Inc. [MSTR] rating to a Buy in a research note published on February 27, 2024; the price target was $990. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. TD Cowen began covering MSTR with “an Outperform” recommendation on July 26, 2023.
Price Performance Review of MSTR
On Friday, Microstrategy Inc. [NASDAQ:MSTR] saw its stock fall -4.65% to $1479.58. Over the last five days, the stock has gained 2.82%. Microstrategy Inc. shares have risen nearly 134.25% since the year began. Nevertheless, the stocks have risen 358.32% over the past one year. While a 52-week high of $1999.99 was reached on 03/27/24, a 52-week low of $266.00 was recorded on 01/23/24. SMA at 50 days reached $1,197.40, while 200 days put it at $628.18. A total of 1.28 million shares were traded, compared to the trading of 1.44 million shares in the previous session.
Levels Of Support And Resistance For MSTR Stock
The 24-hour chart illustrates a support level at 1,429.11, which if violated will result in even more drops to 1,378.65. On the upside, there is a resistance level at 1,533.93. A further resistance level may holdings at 1,588.29. The Relative Strength Index (RSI) on the 14-day chart is 50.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -94.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.10%. Stochastics %K at 25.34% indicates the stock is a holding.
The most recent change occurred on April 28, 2023 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $430 price target.
