Super Micro Computer Inc’s recently made public that its Director FAIRFAX DANIEL W unloaded Company’s shares for reported $0.23 million on May 01 ’24. In the deal valued at $777.36 per share,300 shares were sold. As a result of this transaction, FAIRFAX DANIEL W now holds 19,187 shares worth roughly $15.93 million.
Then, Liu Liang Chiu-Chu Sara sold 525 shares, generating $456,552 in total proceeds. Upon selling the shares at $869.62, the Director now owns 3,459 shares.
Before that, Liang Charles sold 525 shares. Super Micro Computer Inc shares valued at $456,552 were divested by the President and CEO at a price of $869.62 per share. As a result of the transaction, Liang Charles now holds 3,459 shares, worth roughly $2.87 million.
KeyBanc Capital Markets initiated its Super Micro Computer Inc [SMCI] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late March with a ‘”an Overweight”‘ rating. Argus began covering SMCI with “Buy” recommendation on March 06, 2024. Goldman started covering the stock on March 04, 2024. It rated SMCI as “a Neutral”.
Price Performance Review of SMCI
On Monday, Super Micro Computer Inc [NASDAQ:SMCI] saw its stock jump 6.09% to $830.35. Over the last five days, the stock has lost -6.74%. Super Micro Computer Inc shares have risen nearly 192.11% since the year began. Nevertheless, the stocks have risen 508.76% over the past one year. While a 52-week high of $1229.00 was reached on 03/08/24, a 52-week low of $131.06 was recorded on 01/02/24. SMA at 50 days reached $942.75, while 200 days put it at $494.13. A total of 5.31 million shares were traded, compared to the trading of 6.5 million shares in the previous session.
Levels Of Support And Resistance For SMCI Stock
The 24-hour chart illustrates a support level at 800.48, which if violated will result in even more drops to 770.60. On the upside, there is a resistance level at 846.65. A further resistance level may holdings at 862.95. The Relative Strength Index (RSI) on the 14-day chart is 47.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.38%. Stochastics %K at 34.60% indicates the stock is a holding.
The most recent change occurred on February 15, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $1040 price target.
