Super Micro Computer Inc’s filing revealed that 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 $0.41 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 $0.42 million.
JP Morgan downgraded its Super Micro Computer Inc [SMCI] rating to an Underweight from a a Neutral in a research note published on November 06, 2024; the price target was decreased to $23 from $50. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Needham began covering SMCI with “Buy” recommendation on September 18, 2024. Mizuho started covering the stock on September 17, 2024. It rated SMCI as “a Neutral”.
Price Performance Review of SMCI
On Tuesday, Super Micro Computer Inc [NASDAQ:SMCI] saw its stock fall -6.59% to $21.70. Over the last five days, the stock has lost -21.66%. Super Micro Computer Inc shares have fallen nearly -23.66% since the year began. Nevertheless, the stocks have fallen -18.43% over the past one year. While a 52-week high of $122.90 was reached on 03/08/24, a 52-week low of $20.20 was recorded on 11/06/24. SMA at 50 days reached $41.03, while 200 days put it at $71.38.
Levels Of Support And Resistance For SMCI Stock
The 24-hour chart illustrates a support level at 21.17, which if violated will result in even more drops to 20.64. On the upside, there is a resistance level at 22.64. A further resistance level may holdings at 23.59. The Relative Strength Index (RSI) on the 14-day chart is 25.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.92%. Stochastics %K at 10.00% indicates the stock is a buying.
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.
