Microstrategy Inc.’s filing revealed that its Executive Chairman SAYLOR MICHAEL J unloaded Company’s shares for reported $6.23 million on Apr 25 ’24. In the deal valued at $1245.18 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 $6,478,995 in total proceeds. Upon selling the shares at $1295.80, the Executive Chairman now owns 0 shares.
Before that, SAYLOR MICHAEL J sold 5,000 shares. Microstrategy Inc. shares valued at $6,731,400 were divested by the Executive Chairman at a price of $1346.28 per share. As a result of the transaction, SAYLOR MICHAEL J now holds 0 shares, worth roughly $0.0.
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 jump 8.29% to $1223.01. Over the last five days, the stock has lost -4.63%. Microstrategy Inc. shares have risen nearly 93.63% since the year began. Nevertheless, the stocks have risen 301.98% 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 $1,376.08, while 200 days put it at $689.81. A total of 1.52 million shares were traded, compared to the trading of 1.54 million shares in the previous session.
Levels Of Support And Resistance For MSTR Stock
The 24-hour chart illustrates a support level at 1,183.22, which if violated will result in even more drops to 1,143.43. On the upside, there is a resistance level at 1,252.40. A further resistance level may holdings at 1,281.79. The Relative Strength Index (RSI) on the 14-day chart is 46.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -88.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.59%. Stochastics %K at 27.92% 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.
