Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dell Technologies Inc shares valued at $12,491,184 were sold by Rothberg Richard J on Apr 08 ’24. At $132.95 per share, Rothberg Richard J sold 93,954 shares. The insider’s holdings dropped to 86,836 shares worth approximately $13.34 million following the completion of this transaction.
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Also, SLTA IV (GP), L.L.C. sold 346,931 shares, netting a total of over 46,207,922 in proceeds. Following the sale of shares at $133.19 each, the insider now holds 152 shares.
Before that, SLTA V (GP), L.L.C. had sold 346,931 shares from its account. In a trade valued at $46,207,922, the Director traded Dell Technologies Inc shares for $133.19 each. Upon closing the transaction, the insider’s holdings decreased to 346,931 shares, worth approximately $23342.64.
As published in a research note from Wells Fargo on May 21, 2024, Dell Technologies Inc [DELL] has been retained to an Overweight and the price target has been revised to $170. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in late May. As of May 21, 2024, Barclays has reiterated its “an Underweight” rating for DELL. Earlier on May 15, 2024, Morgan Stanley resumed its rating. Their recommendation was “an Overweight” for DELL stock.
Analyzing DELL Stock Performance
During the last five days, there has been a surge of approximately 4.97%. Over the course of the year, Dell Technologies Inc shares have jumped approximately 100.75%. Shares of the company reached a 52-week high of $162.71 on 05/23/24 and a 52-week low of $74.32 on 01/02/24. A 50-day SMA is recorded $124.72, while a 200-day SMA reached $87.53. Nevertheless, trading volume fell to 16.66 million shares from 4.71 million shares the previous day.
Support And Resistance Levels for Dell Technologies Inc (DELL)
According to the 24-hour chart, there is a support level at 148.23, which, if violated, would cause prices to drop to 142.89. In the upper region, resistance lies at 160.81. The next price resistance is at 168.05. RSI (Relative Strength Index) is 72.00 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.74, which suggests the price will increase in the coming days. Percent R is at 23.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
