The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Microstrategy Inc. shares valued at $1,296,000 were sold by Shao Wei-Ming on Aug 23 ’24. At $144.00 per share, Shao Wei-Ming sold 9,000 shares. The insider’s holdings dropped to 6,460 shares worth approximately $0.84 million following the completion of this transaction.
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Also, Shao Wei-Ming sold 3,000 shares, netting a total of over 423,600 in proceeds. Following the sale of shares at $141.20 each, the insider now holds 6,460 shares.
Before that, Le Phong had sold 50,000 shares from its account. In a trade valued at $6,914,087, the President & CEO traded Microstrategy Inc. shares for $138.28 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $1.66 million.
As published in their initiating research note from Barclays on September 06, 2024, Microstrategy Inc. [MSTR] has been an Overweight and the price target has been revised to $146. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of June 25, 2024, Maxim Group has initiated its “Buy” rating for MSTR. Earlier on June 14, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for MSTR stock.
Analyzing MSTR Stock Performance
During the last five days, there has been a surge of approximately 9.37%. Over the course of the year, Microstrategy Inc. shares have jumped approximately 107.04%. Shares of the company reached a 52-week high of $200.00 on 03/27/24 and a 52-week low of $43.87 on 01/23/24. A 50-day SMA is recorded $141.70, while a 200-day SMA reached $116.84. Nevertheless, trading volume fell to 6.01 million shares from 8.73 million shares the previous day.
Support And Resistance Levels for Microstrategy Inc. (MSTR)
According to the 24-hour chart, there is a support level at 127.33, which, if violated, would cause prices to drop to 123.89. In the upper region, resistance lies at 134.16. The next price resistance is at 137.54. RSI (Relative Strength Index) is 47.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 55.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
