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Recent Insider Activity Could Benefit Dell Technologies Inc (DELL)

In a filing, Dell Technologies Inc revealed its General Counsel & Secretary Rothberg Richard J unloaded Company’s shares for reported $12.49 million on Apr 08 ’24. In the deal valued at $132.95 per share,93,954 shares were sold. As a result of this transaction, Rothberg Richard J now holds 86,836 shares worth roughly $11.38 million.

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Then, SLTA IV (GP), L.L.C. sold 346,931 shares, generating $46,207,922 in total proceeds. Upon selling the shares at $133.19, the Director now owns 152 shares.

Before that, SLTA V (GP), L.L.C. sold 346,931 shares. Dell Technologies Inc shares valued at $46,207,922 were divested by the Director at a price of $133.19 per share. As a result of the transaction, SLTA V (GP), L.L.C. now holds 152 shares, worth roughly $19913.519999999997.

TD Cowen reiterated its Dell Technologies Inc [DELL] rating to a Market perform in a research note published on March 01, 2024; the price target was $105. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. Evercore ISI also remained covering DELL and reiterated its “an Outperform” recommendation on February 23, 2024. JP Morgan revised its rating on January 08, 2024. It rated DELL as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of DELL

On Monday, Dell Technologies Inc [NYSE:DELL] saw its stock fall -1.33% to $131.01. Over the last five days, the stock has gained 1.30%. Dell Technologies Inc shares have risen nearly 71.25% since the year began. Nevertheless, the stocks have risen 193.09% over the past one year. While a 52-week high of $136.16 was reached on 04/04/24, a 52-week low of $44.19 was recorded on 01/02/24. SMA at 50 days reached $119.94, while 200 days put it at $83.82. A total of 3.78 million shares were traded, compared to the trading of 4.54 million shares in the previous session.

Levels Of Support And Resistance For DELL Stock

The 24-hour chart illustrates a support level at 129.49, which if violated will result in even more drops to 127.98. On the upside, there is a resistance level at 133.71. A further resistance level may holdings at 136.42. The Relative Strength Index (RSI) on the 14-day chart is 60.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.73%. Stochastics %K at 88.17% indicates the stock is a selling.

The most recent change occurred on December 01, 2023 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $75.

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