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Examining the Potential Price Growth of Microstrategy Inc. (MSTR)

Microstrategy Inc.’s filing revealed that its President & CEO Le Phong unloaded Company’s shares for reported $0.85 million on Jun 17 ’24. In the deal valued at $1441.81 per share,590 shares were sold. As a result of this transaction, Le Phong now holds 1,267 shares worth roughly $1.88 million.

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Then, Kang Andrew sold 209 shares, generating $301,338 in total proceeds. Upon selling the shares at $1441.81, the SEVP & CFO now owns 1,778 shares.

Before that, Shao Wei-Ming sold 190 shares. Microstrategy Inc. shares valued at $273,944 were divested by the SEVP & General Counsel at a price of $1441.81 per share. As a result of the transaction, Shao Wei-Ming now holds 646 shares, worth roughly $0.96 million.

Bernstein initiated its Microstrategy Inc. [MSTR] rating to an Outperform in a research note published on June 14, 2024; the price target was $2890. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. BTIG Research also remained covering MSTR and reiterated its “Buy” recommendation on December 11, 2023. TD Cowen started covering the stock on July 26, 2023. It rated MSTR as “an Outperform”.

Price Performance Review of MSTR

On Friday, Microstrategy Inc. [NASDAQ:MSTR] saw its stock jump 1.25% to $1483.76. Over the last five days, the stock has lost -0.01%. Microstrategy Inc. shares have risen nearly 134.91% since the year began. Nevertheless, the stocks have risen 347.85% over the past one year. While a 52-week high of $1999.99 was reached on 03/27/24, a 52-week low of $301.08 was recorded on 01/23/24. SMA at 50 days reached $1,423.05, while 200 days put it at $875.43. A total of 1.14 million shares were traded, compared to the trading of 0.91 million shares in the previous session.

Levels Of Support And Resistance For MSTR Stock

The 24-hour chart illustrates a support level at 1,431.50, which if violated will result in even more drops to 1,379.25. On the upside, there is a resistance level at 1,513.53. A further resistance level may holdings at 1,543.31. The Relative Strength Index (RSI) on the 14-day chart is 47.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -89.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.05%. Stochastics %K at 17.48% indicates the stock is a buying.

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