In a filing, Microstrategy Inc. revealed its SEVP & General Counsel Shao Wei-Ming unloaded Company’s shares for reported $1.3 million on Aug 23 ’24. In the deal valued at $144.00 per share,9,000 shares were sold. As a result of this transaction, Shao Wei-Ming now holds 6,460 shares worth roughly $1.51 million.
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Then, Shao Wei-Ming sold 3,000 shares, generating $423,600 in total proceeds. Upon selling the shares at $141.20, the SEVP & General Counsel now owns 6,460 shares.
Before that, Le Phong sold 50,000 shares. Microstrategy Inc. shares valued at $6,914,087 were divested by the President & CEO at a price of $138.28 per share. As a result of the transaction, Le Phong now holds 12,670 shares, worth roughly $2.97 million.
Barclays initiated its Microstrategy Inc. [MSTR] rating to an Overweight in a research note published on September 06, 2024; the price target was $146. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Maxim Group began covering MSTR with “Buy” recommendation on June 25, 2024. Bernstein started covering the stock on June 14, 2024. It rated MSTR as “an Outperform”.
Price Performance Review of MSTR
On Friday, Microstrategy Inc. [NASDAQ:MSTR] saw its stock fall -0.66% to $234.34. Over the last five days, the stock has gained 8.56%. Microstrategy Inc. shares have risen nearly 271.01% since the year began. Nevertheless, the stocks have risen 440.93% over the past one year. While a 52-week high of $236.29 was reached on 10/25/24, a 52-week low of $39.82 was recorded on 01/23/24. SMA at 50 days reached $161.11, while 200 days put it at $135.54.
Levels Of Support And Resistance For MSTR Stock
The 24-hour chart illustrates a support level at 226.20, which if violated will result in even more drops to 218.07. On the upside, there is a resistance level at 244.02. A further resistance level may holdings at 253.70. The Relative Strength Index (RSI) on the 14-day chart is 72.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 20.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.61%. Stochastics %K at 87.27% indicates the stock is a selling.
How much short interest is there in Microstrategy Inc.?
A steep rise in short interest was recorded in Microstrategy Inc. stocks on 2024-10-15, growing by 3.72 million shares to a total of 29.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 25.86 million shares. There was a rise of 12.57%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 27, 2024 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $990 price target.
