Microstrategy Inc’s filing revealed that its SEVP & General Counsel Shao Wei-Ming unloaded Company’s shares for reported $6.62 million on Nov 13 ’24. In the deal valued at $368.01 per share,18,000 shares were sold. As a result of this transaction, Shao Wei-Ming now holds 6,460 shares worth roughly $2.49 million.
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Then, Shao Wei-Ming sold 1,252 shares, generating $403,707 in total proceeds. Upon selling the shares at $322.45, the SEVP & General Counsel now owns 7,708 shares.
Before that, Le Phong sold 1,252 shares. Microstrategy Inc shares valued at $403,707 were divested by the President & CEO at a price of $322.45 per share. As a result of the transaction, Le Phong now holds 13,918 shares, worth roughly $5.36 million.
Maxim Group reiterated its Microstrategy Inc [MSTR] rating to a Buy in a research note published on October 31, 2024; the price target was $270. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Cantor Fitzgerald began covering MSTR with “an Overweight” recommendation on August 21, 2024. Maxim Group started covering the stock on June 25, 2024. It rated MSTR as “a Buy”.
Price Performance Review of MSTR
On Monday, Microstrategy Inc [NASDAQ:MSTR] saw its stock jump 12.96% to $384.79. Over the last five days, the stock has gained 13.17%. Microstrategy Inc shares have risen nearly 509.21% since the year began. Nevertheless, the stocks have risen 686.76% over the past one year. While a 52-week high of $383.40 was reached on 11/18/24, a 52-week low of $43.87 was recorded on 01/23/24. SMA at 50 days reached $210.03, while 200 days put it at $154.44.
Levels Of Support And Resistance For MSTR Stock
The 24-hour chart illustrates a support level at 353.28, which if violated will result in even more drops to 321.77. On the upside, there is a resistance level at 402.39. A further resistance level may holdings at 420.00. The Relative Strength Index (RSI) on the 14-day chart is 78.59, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 61.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.21%. Stochastics %K at 79.07% indicates the stock is a holding.
How much short interest is there in Microstrategy Inc?
A steep rise in short interest was recorded in Microstrategy Inc stocks on 2024-10-31, dropping by -2.37 million shares to a total of 28.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 30.7 million shares. There was a decline of -8.38%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 14, 2024 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $2890 price target.
