Microsoft Corporation’s recent filing unveils that 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 $21.03 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 $229.21 million.
DA Davidson downgraded its Microsoft Corporation [MSFT] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including New Street’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Oppenheimer also remained covering MSFT and reiterated its “an Outperform” recommendation on June 07, 2024. Wells Fargo maintained its rating on April 17, 2024. It rated MSFT as “an Overweight”.
Price Performance Review of MSFT
On Tuesday, Microsoft Corporation [NASDAQ:MSFT] saw its stock fall -2.23% to $420.69. Over the last five days, the stock has lost -1.98%. Microsoft Corporation shares have risen nearly 11.87% since the year began. Nevertheless, the stocks have risen 33.24% over the past one year. While a 52-week high of $468.35 was reached on 07/05/24, a 52-week low of $311.21 was recorded on 01/05/24. SMA at 50 days reached $419.33, while 200 days put it at $415.90.
Levels Of Support And Resistance For MSFT Stock
The 24-hour chart illustrates a support level at 416.84, which if violated will result in even more drops to 412.99. On the upside, there is a resistance level at 426.51. A further resistance level may holdings at 432.33. The Relative Strength Index (RSI) on the 14-day chart is 45.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.84%. Stochastics %K at 43.96% indicates the stock is a holding.
How much short interest is there in Microsoft Corporation?
A steep rise in short interest was recorded in Microsoft Corporation stocks on 2024-09-13, growing by 12.71 million shares to a total of 67.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 54.79 million shares. There was a rise of 18.83%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 12, 2024 when BMO Capital Markets resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $465.
