In a filing, Dell Technologies Inc revealed its Chief Financial Officer McGill Yvonne unloaded Company’s shares for reported $0.9 million on Sep 12 ’24. In the deal valued at $112.15 per share,8,000 shares were sold. As a result of this transaction, McGill Yvonne now holds 244,419 shares worth roughly $28.21 million.
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Then, DELL MICHAEL S sold 1,602,535 shares, generating $172,145,185 in total proceeds. Upon selling the shares at $107.42, the Chief Executive Officer now owns 15,412,241 shares.
Before that, DELL MICHAEL S sold 1,284,756 shares. Dell Technologies Inc shares valued at $144,087,061 were divested by the Chief Executive Officer at a price of $112.15 per share. As a result of the transaction, DELL MICHAEL S now holds 14,127,485 shares, worth roughly $1.63 billion.
Susquehanna initiated its Dell Technologies Inc [DELL] rating to a Neutral in a research note published on September 10, 2024; the price target was $120. A number of analysts have revised their coverage, including Fox Advisors’s analysts, who increased its forecast for the stock in late August from “an Equal weight” to “an Overweight”. TD Cowen also remained covering DELL and reiterated its “Hold” recommendation on August 30, 2024. Barclays revised its rating on August 13, 2024. It rated DELL as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of DELL
On Monday, Dell Technologies Inc [NYSE:DELL] saw its stock jump 0.96% to $115.40. Over the last five days, the stock has gained 8.98%. Dell Technologies Inc shares have risen nearly 50.85% since the year began. Nevertheless, the stocks have risen 62.17% over the past one year. While a 52-week high of $179.70 was reached on 05/29/24, a 52-week low of $63.90 was recorded on 01/02/24. SMA at 50 days reached $113.97, while 200 days put it at $110.01.
Levels Of Support And Resistance For DELL Stock
The 24-hour chart illustrates a support level at 113.15, which if violated will result in even more drops to 110.90. On the upside, there is a resistance level at 116.73. A further resistance level may holdings at 118.05. The Relative Strength Index (RSI) on the 14-day chart is 57.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.22%. Stochastics %K at 76.89% indicates the stock is a holding.
How much short interest is there in Dell Technologies Inc?
A steep rise in short interest was recorded in Dell Technologies Inc stocks on 2024-08-30, growing by 2.1 million shares to a total of 11.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.95 million shares. There was a rise of 19.02%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 31, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $155.
