Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Super Micro Computer Inc shares valued at $240,600 were sold by FAIRFAX DANIEL W on Jun 03 ’24. At $802.00 per share, FAIRFAX DANIEL W sold 300 shares. The insider’s holdings dropped to 18,887 shares worth approximately $14.69 million following the completion of this transaction.
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Also, LIU TALLY C sold 500 shares, netting a total of over 419,586 in proceeds. Following the sale of shares at $839.17 each, the insider now holds 27,813 shares.
Before that, FAIRFAX DANIEL W had sold 300 shares from its account. In a trade valued at $233,208, the Director traded Super Micro Computer Inc shares for $777.36 each. Upon closing the transaction, the insider’s holdings decreased to 300 shares, worth approximately $14.93 million.
As published in their initiating research note from KeyBanc Capital Markets on April 24, 2024, Super Micro Computer Inc [SMCI] has been a Sector weight. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in late March. As of March 06, 2024, Argus has initiated its “Buy” rating for SMCI. Earlier on March 04, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for SMCI stock.
Analyzing SMCI Stock Performance
During the last five days, there has been a drop of approximately -6.04%. Over the course of the year, Super Micro Computer Inc shares have jumped approximately 173.66%. Shares of the company reached a 52-week high of $1,229.00 on 03/08/24 and a 52-week low of $275.88 on 01/02/24. A 50-day SMA is recorded $864.57, while a 200-day SMA reached $553.44. Nevertheless, trading volume fell to 5.02 million shares from 4.08 million shares the previous day.
Support And Resistance Levels for Super Micro Computer Inc (SMCI)
According to the 24-hour chart, there is a support level at 752.98, which, if violated, would cause prices to drop to 728.04. In the upper region, resistance lies at 805.43. The next price resistance is at 832.94. RSI (Relative Strength Index) is 42.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -54.90, which suggests the price will decrease in the coming days. Percent R is at 84.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
