In a filing, Microstrategy Inc. revealed its Executive Chairman SAYLOR MICHAEL J unloaded Company’s shares for reported $6.15 million on Apr 18 ’24. In the deal valued at $1229.03 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 2,482 shares, generating $3,023,310 in total proceeds. Upon selling the shares at $1218.09, the Executive Chairman now owns 0 shares.
Before that, SAYLOR MICHAEL J sold 2,518 shares. Microstrategy Inc. shares valued at $2,942,863 were divested by the Executive Chairman at a price of $1168.73 per share. As a result of the transaction, SAYLOR MICHAEL J now holds 2,482 shares, worth roughly $2.91 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 -2.82% to $1174.11. Over the last five days, the stock has lost -20.65%. Microstrategy Inc. shares have risen nearly 85.89% since the year began. Nevertheless, the stocks have risen 273.06% 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 $1,270.60, while 200 days put it at $650.16. A total of 1.46 million shares were traded, compared to the trading of 1.77 million shares in the previous session.
Levels Of Support And Resistance For MSTR Stock
The 24-hour chart illustrates a support level at 1,140.68, which if violated will result in even more drops to 1,107.26. On the upside, there is a resistance level at 1,233.09. A further resistance level may holdings at 1,292.08. The Relative Strength Index (RSI) on the 14-day chart is 39.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -234.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.07%. Stochastics %K at 8.67% indicates the stock is a buying.
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.
