Super Micro Computer Inc’s recent filing unveils that its Director FAIRFAX DANIEL W unloaded Company’s shares for reported $0.24 million on Jun 03 ’24. In the deal valued at $802.00 per share,300 shares were sold. As a result of this transaction, FAIRFAX DANIEL W now holds 18,887 shares worth roughly $11.65 million.
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Then, LIU TALLY C sold 500 shares, generating $419,586 in total proceeds. Upon selling the shares at $839.17, the Director now owns 27,813 shares.
Before that, FAIRFAX DANIEL W sold 300 shares. Super Micro Computer Inc shares valued at $233,208 were divested by the Director at a price of $777.36 per share. As a result of the transaction, FAIRFAX DANIEL W now holds 19,187 shares, worth roughly $11.84 million.
Nomura downgraded its Super Micro Computer Inc [SMCI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in late April with a ‘”a Sector weight”‘ rating. JP Morgan began covering SMCI with “an Overweight” recommendation on March 25, 2024. Argus started covering the stock on March 06, 2024. It rated SMCI as “a Buy”.
Price Performance Review of SMCI
On Tuesday, Super Micro Computer Inc [NASDAQ:SMCI] saw its stock jump 1.33% to $616.94. Over the last five days, the stock has lost -7.41%. Super Micro Computer Inc shares have risen nearly 117.03% since the year began. Nevertheless, the stocks have risen 82.48% over the past one year. While a 52-week high of $1229.00 was reached on 03/08/24, a 52-week low of $226.59 was recorded on 01/02/24. SMA at 50 days reached $805.85, while 200 days put it at $662.67. A total of 9.14 million shares were traded, compared to the trading of 7.08 million shares in the previous session.
Levels Of Support And Resistance For SMCI Stock
The 24-hour chart illustrates a support level at 594.24, which if violated will result in even more drops to 571.55. On the upside, there is a resistance level at 634.21. A further resistance level may holdings at 651.49. The Relative Strength Index (RSI) on the 14-day chart is 29.32, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -88.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.37%. Stochastics%K at 22.25% indicates the stock is a holding.
The most recent change occurred on March 04, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $941 price target.
