Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dell Technologies Inc shares valued at $1,224,000,000 were purchased by DELL MICHAEL S on Sep 26 ’24. At $122.40 per share, DELL MICHAEL S acquired 10,000,000 shares.
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Also, Scannell William F sold 42,595 shares, netting a total of over 4,995,968 in proceeds. Following the sale of shares at $117.29 each, the insider now holds 73,263 shares.
Before that, DELL MICHAEL S had sold 8,333,405 shares from its account. In a trade valued at $978,781,749, the Chief Executive Officer traded Dell Technologies Inc shares for $117.45 each. Upon closing the transaction, the insider’s holdings decreased to 8,333,405 shares, worth approximately $3.55 billion.
As published in their initiating research note from Mizuho on September 17, 2024, Dell Technologies Inc [DELL] has been an Outperform and the price target has been revised to $135. Analysts at Susquehanna started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of August 30, 2024, Fox Advisors has increased its “an Equal weight” rating to a “an Overweight” for DELL. Earlier on August 30, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for DELL stock.
Analyzing DELL Stock Performance
During the last five days, there has been a surge of approximately 7.40%. Over the course of the year, Dell Technologies Inc shares have jumped approximately 65.35%. Shares of the company reached a 52-week high of $179.70 on 05/29/24 and a 52-week low of $74.32 on 01/02/24. A 50-day SMA is recorded $110.68, while a 200-day SMA reached $111.92. Nevertheless, trading volume fell to 13.25 million shares from 8.53 million shares the previous day.
Support And Resistance Levels for Dell Technologies Inc (DELL)
According to the 24-hour chart, there is a support level at 122.92, which, if violated, would cause prices to drop to 119.35. In the upper region, resistance lies at 128.53. The next price resistance is at 130.57. RSI (Relative Strength Index) is 70.18 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.12, which suggests the price will increase in the coming days. Percent R is at 2.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.