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 $-20.96 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 $228.37 million.
Goldman reiterated its Microsoft Corporation [MSFT] rating to a Buy in a research note published on October 10, 2024; the price target was $500. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “a Perform”. DA Davidson also remained covering MSFT and has decreased its forecast on September 23, 2024 with a “Neutral” recommendation from previously “Buy” rating. New Street started covering the stock on June 10, 2024. It rated MSFT as “a Buy”.
Price Performance Review of MSFT
On Monday, Microsoft Corporation [NASDAQ:MSFT] saw its stock jump 0.68% to $419.14. Over the last five days, the stock has gained 2.34%. Microsoft Corporation shares have risen nearly 11.46% since the year began. Nevertheless, the stocks have risen 26.57% over the past one year. While a 52-week high of $468.35 was reached on 07/05/24, a 52-week low of $324.39 was recorded on 01/05/24. SMA at 50 days reached $417.96, while 200 days put it at $417.86.
Levels Of Support And Resistance For MSFT Stock
The 24-hour chart illustrates a support level at 416.43, which if violated will result in even more drops to 413.71. On the upside, there is a resistance level at 422.95. A further resistance level may holdings at 426.75. The Relative Strength Index (RSI) on the 14-day chart is 48.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.57%. Stochastics %K at 32.53% 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 2024-09-30, dropping by -6.27 million shares to a total of 59.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 65.8 million shares. There was a decline of -10.54%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 07, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $500.
