In a filing, Super Micro Computer Inc revealed its Director FAIRFAX DANIEL W unloaded Company’s shares for reported $0.24 million on Jun 03 ’24. In the deal valued at $802.00 per share,300 shares were sold. As a result of this transaction, FAIRFAX DANIEL W now holds 18,887 shares worth roughly $0.93 million.
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Then, LIU TALLY C sold 500 shares, generating $419,586 in total proceeds. Upon selling the shares at $839.17, the Director now owns 27,813 shares.
Before that, FAIRFAX DANIEL W sold 300 shares. Super Micro Computer Inc shares valued at $233,208 were divested by the Director at a price of $777.36 per share. As a result of the transaction, FAIRFAX DANIEL W now holds 19,187 shares, worth roughly $0.94 million.
Needham initiated its Super Micro Computer Inc [SMCI] rating to a Buy in a research note published on September 18, 2024; the price target was $600. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. JP Morgan also remained covering SMCI and has decreased its forecast on September 06, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Barclays revised its rating on September 04, 2024. It rated SMCI as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of SMCI
On Tuesday, Super Micro Computer Inc [NASDAQ:SMCI] saw its stock jump 2.93% to $49.12. Over the last five days, the stock has gained 6.85%. Super Micro Computer Inc shares have risen nearly 72.80% since the year began. Nevertheless, the stocks have risen 103.48% over the past one year. While a 52-week high of $122.90 was reached on 03/08/24, a 52-week low of $22.66 was recorded on 01/02/24. SMA at 50 days reached $46.51, while 200 days put it at $72.17.
Levels Of Support And Resistance For SMCI Stock
The 24-hour chart illustrates a support level at 47.35, which if violated will result in even more drops to 45.57. On the upside, there is a resistance level at 50.30. A further resistance level may holdings at 51.47. The Relative Strength Index (RSI) on the 14-day chart is 57.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.99%. Stochastics %K at 59.49% indicates the stock is a holding.
How much short interest is there in Super Micro Computer Inc?
A steep rise in short interest was recorded in Super Micro Computer Inc stocks on 2024-10-15, growing by 13.67 million shares to a total of 100.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 87.17 million shares. There was a rise of 13.55%, which implies that there is a positive sentiment for the stock.
