Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $65.8 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 $330.02 million.
As published in a research note from Wells Fargo on April 17, 2024, Microsoft Corporation [MSFT] has been retained to an Overweight and the price target has been revised to $480. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid April. As of April 11, 2024, Morgan Stanley has reiterated its “an Overweight” rating for MSFT. Earlier on March 21, 2024, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for MSFT stock.
Analyzing MSFT Stock Performance
During the last five days, there has been a drop of approximately -2.70%. Over the course of the year, Microsoft Corporation shares have jumped approximately 9.52%. 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 $415.38, while a 200-day SMA reached $367.05. Nevertheless, trading volume fell to 15.8 million shares from 16.77 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 408.49, which, if violated, would cause prices to drop to 405.13. In the upper region, resistance lies at 417.04. The next price resistance is at 422.23. RSI (Relative Strength Index) is 42.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.69, which suggests the price will decrease in the coming days. Percent R is at 92.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
