In a filing, Microsoft Corporation revealed its EVP, Chief Marketing Officer Numoto Takeshi unloaded Company’s shares for reported $1.03 million on Sep 10 ’24. In the deal valued at $411.04 per share,2,500 shares were sold. As a result of this transaction, Numoto Takeshi now holds 50,000 shares worth roughly $21.76 million.
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Then, Hogan Kathleen T sold 17,378 shares, generating $7,156,892 in total proceeds. Upon selling the shares at $411.85, the EVP, Chief Human Resources Off now owns 150,161 shares.
Before that, SMITH BRADFORD L sold 40,000 shares. Microsoft Corporation shares valued at $16,103,553 were divested by the Vice Chair and President at a price of $402.59 per share. As a result of the transaction, SMITH BRADFORD L now holds 544,847 shares, worth roughly $237.09 million.
New Street initiated its Microsoft Corporation [MSFT] rating to a Buy in a research note published on June 10, 2024; the price target was $570. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early June has reiterated a ‘”an Outperform”‘ rating for it. Wells Fargo also remained covering MSFT and reiterated its “an Overweight” recommendation on April 17, 2024. BMO Capital Markets maintained its rating on April 12, 2024. It rated MSFT as “an Outperform”.
Price Performance Review of MSFT
On Tuesday, Microsoft Corporation [NASDAQ:MSFT] saw its stock jump 0.88% to $435.15. Over the last five days, the stock has gained 5.06%. Microsoft Corporation shares have risen nearly 15.72% since the year began. Nevertheless, the stocks have risen 31.78% over the past one year. While a 52-week high of $468.35 was reached on 07/05/24, a 52-week low of $309.45 was recorded on 01/05/24. SMA at 50 days reached $423.16, while 200 days put it at $413.00.
Levels Of Support And Resistance For MSFT Stock
The 24-hour chart illustrates a support level at 431.00, which if violated will result in even more drops to 426.84. On the upside, there is a resistance level at 440.58. A further resistance level may holdings at 446.00. The Relative Strength Index (RSI) on the 14-day chart is 64.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.32%. Stochastics %K at 91.00% indicates the stock is a selling.
How much short interest is there in Microsoft Corporation?
A steep rise in short interest was recorded in Microsoft Corporation stocks on 2024-08-30, growing by 8.03 million shares to a total of 65.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 57.77 million shares. There was a rise of 12.2%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 11, 2024 when Morgan Stanley resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $520.
