Dell Technologies Inc’s recent filing unveils that its Chief Executive Officer DELL MICHAEL S unloaded Company’s shares for reported $1.22 billion on Sep 26 ’24. In the deal valued at $122.40 per share,10,000,000 shares were sold. As a result of this transaction, DELL MICHAEL S now holds 16,912,241 shares worth roughly $2.01 billion.
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Then, DELL MICHAEL S bought 10,000,000 shares, generating $1,224,000,000 in total proceeds.
Before that, Scannell William F sold 42,595 shares. Dell Technologies Inc shares valued at $4,995,968 were divested by the Pres., Glob. Sales & Cust. Ops at a price of $117.29 per share. As a result of the transaction, Scannell William F now holds 73,263 shares, worth roughly $8.72 million.
A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Susquehanna began covering DELL with “Neutral” recommendation on September 10, 2024. Fox Advisors revised its rating on August 30, 2024. It rated DELL as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of DELL
On Monday, Dell Technologies Inc [NYSE:DELL] saw its stock fall -1.10% to $119.09. Over the last five days, the stock has gained 0.46%. Dell Technologies Inc shares have risen nearly 55.67% since the year began. Nevertheless, the stocks have risen 79.92% 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 $110.15, while 200 days put it at $113.53.
Levels Of Support And Resistance For DELL Stock
The 24-hour chart illustrates a support level at 117.90, which if violated will result in even more drops to 116.70. On the upside, there is a resistance level at 120.57. A further resistance level may holdings at 122.04. The Relative Strength Index (RSI) on the 14-day chart is 55.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.16%. Stochastics %K at 42.16% 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 2024-09-13, growing by 3.26 million shares to a total of 11.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.7 million shares. There was a rise of 27.25%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 30, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $128.
