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The Attractiveness of Investing In Dell Technologies Inc (DELL) is Growing

Dell Technologies Inc’s recently made public that its Director SLTA V (GP), L.L.C. unloaded Company’s shares for reported $61.8 million on Jun 20 ’24. In the deal valued at $158.79 per share,389,189 shares were sold. As a result of this transaction, SLTA V (GP), L.L.C. now holds 0 shares worth roughly $0.0.

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Then, SLTA IV (GP), L.L.C. sold 389,189 shares, generating $61,800,966 in total proceeds. Upon selling the shares at $158.79, the Director now owns 0 shares.

Before that, SLTA V (GP), L.L.C. sold 264,559 shares. Dell Technologies Inc shares valued at $41,096,313 were divested by the Director at a price of $155.34 per share. As a result of the transaction, SLTA V (GP), L.L.C. now holds 1,386 shares, worth roughly $0.2 million.

TD Cowen reiterated its Dell Technologies Inc [DELL] rating to a Hold in a research note published on May 31, 2024; the price target was $155. A number of analysts have revised their coverage, including BofA Securities’s analysts, who remained covering the stock and in late May has reiterated a ‘”a Buy”‘ rating for it. Wells Fargo also remained covering DELL and reiterated its “an Overweight” recommendation on May 21, 2024. Citigroup maintained its rating on May 21, 2024. It rated DELL as “a Buy”.

Price Performance Review of DELL

On Monday, Dell Technologies Inc [NYSE:DELL] saw its stock jump 3.56% to $142.82. Over the last five days, the stock has gained 3.82%. Dell Technologies Inc shares have risen nearly 86.69% since the year began. Nevertheless, the stocks have risen 168.96% over the past one year. While a 52-week high of $179.70 was reached on 05/29/24, a 52-week low of $51.80 was recorded on 01/02/24. SMA at 50 days reached $137.38, while 200 days put it at $97.82. A total of 11.36 million shares were traded, compared to the trading of 20.57 million shares in the previous session.

Levels Of Support And Resistance For DELL Stock

The 24-hour chart illustrates a support level at 136.07, which if violated will result in even more drops to 129.32. On the upside, there is a resistance level at 147.13. A further resistance level may holdings at 151.44. The Relative Strength Index (RSI) on the 14-day chart is 52.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.36%. Stochastics%K at 34.75% indicates the stock is a holding.

The most recent change occurred on May 21, 2024 when Barclays resumed its ‘”an Underweight”‘ rating for the stock and retained the price target to $98.

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