Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Microsoft Corporation shares valued at $1,027,608 were sold by Numoto Takeshi on Sep 10 ’24. At $411.04 per share, Numoto Takeshi sold 2,500 shares. The insider’s holdings dropped to 50,000 shares worth approximately $20.84 million following the completion of this transaction.
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Also, Hogan Kathleen T sold 17,378 shares, netting a total of over 7,156,892 in proceeds. Following the sale of shares at $411.85 each, the insider now holds 150,161 shares.
Before that, SMITH BRADFORD L had sold 40,000 shares from its account. In a trade valued at $16,103,553, the Vice Chair and President traded Microsoft Corporation shares for $402.59 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $227.05 million.
As published in a research note from Goldman on October 10, 2024, Microsoft Corporation [MSFT] has been retained to a Buy and the price target has been revised to $500. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early October. As of September 23, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for MSFT. Earlier on June 10, 2024, New Street initiated its rating. Their recommendation was “a Buy” for MSFT stock.
Analyzing MSFT Stock Performance
During the last five days, there has been a surge of approximately 0.21%. Over the course of the year, Microsoft Corporation shares have jumped approximately 10.82%. Shares of the company reached a 52-week high of $468.35 on 07/05/24 and a 52-week low of $366.50 on 01/05/24. A 50-day SMA is recorded $419.13, while a 200-day SMA reached $418.51. Nevertheless, trading volume fell to 14.58 million shares from 15.51 million shares the previous day.
Support And Resistance Levels for Microsoft Corporation (MSFT)
According to the 24-hour chart, there is a support level at 414.04, which, if violated, would cause prices to drop to 411.36. In the upper region, resistance lies at 420.95. The next price resistance is at 425.18. RSI (Relative Strength Index) is 45.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 61.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
