The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dell Technologies Inc shares valued at $1,224,000,000 were sold by DELL MICHAEL S on Sep 26 ’24. At $122.40 per share, DELL MICHAEL S sold 10,000,000 shares. The insider’s holdings dropped to 16,912,241 shares worth approximately $2.11 billion following the completion of this transaction.
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Also, DELL MICHAEL S purchased 10,000,000 shares, netting a total of over 1,224,000,000 in proceeds.
Before that, Scannell William F had sold 42,595 shares from its account. In a trade valued at $4,995,968, the Pres., Glob. Sales & Cust. Ops traded Dell Technologies Inc shares for $117.29 each. Upon closing the transaction, the insider’s holdings decreased to 42,595 shares, worth approximately $9.14 million.
Analysts at Mizuho started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of September 10, 2024, Susquehanna has initiated its “Neutral” rating for DELL. Earlier on August 30, 2024, Fox Advisors upgraded its rating. Their new recommendation was “an Overweight” for DELL stock which previously was a “an Equal weight”.
Analyzing DELL Stock Performance
During the last five days, there has been a surge of approximately 7.89%. Over the course of the year, Dell Technologies Inc shares have jumped approximately 63.14%. 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 $110.86, while a 200-day SMA reached $114.25. Nevertheless, trading volume fell to 5.93 million shares from 5.98 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 122.38, which, if violated, would cause prices to drop to 119.96. In the upper region, resistance lies at 126.04. The next price resistance is at 127.28. RSI (Relative Strength Index) is 62.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.65, which suggests the price will increase in the coming days. Percent R is at 14.78%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
