Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Microstrategy Inc shares valued at $9,027,246 were purchased by STEPHEN GRAHAM on Nov 21 ’24. At $451.36 per share, STEPHEN GRAHAM acquired 20,000 shares.
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Also, Montgomery Jeanine sold 46 shares, netting a total of over 16,540 in proceeds. Following the sale of shares at $359.56 each, the insider now holds 6,472 shares.
Before that, Shao Wei-Ming had sold 18,000 shares from its account. In a trade valued at $6,624,133, the SEVP & General Counsel traded Microstrategy Inc shares for $368.01 each. Upon closing the transaction, the insider’s holdings decreased to 18,000 shares, worth approximately $2.57 million.
As published in a research note from Maxim Group on October 31, 2024, Microstrategy Inc [MSTR] has been retained to a Buy and the price target has been revised to $270. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of August 21, 2024, Cantor Fitzgerald has initiated its “an Overweight” rating for MSTR. Earlier on June 25, 2024, Maxim Group initiated its rating. Their recommendation was “a Buy” for MSTR stock.
Analyzing MSTR Stock Performance
During the last five days, there has been a surge of approximately 21.24%. Over the course of the year, Microstrategy Inc shares have jumped approximately 528.99%. Shares of the company reached a 52-week high of $543.00 on 11/21/24 and a 52-week low of $43.87 on 01/23/24. A 50-day SMA is recorded $228.27, while a 200-day SMA reached $160.20. Nevertheless, trading volume fell to 99.4 million shares from 70.21 million shares the previous day.
Support And Resistance Levels for Microstrategy Inc (MSTR)
According to the 24-hour chart, there is a support level at 331.75, which, if violated, would cause prices to drop to 266.21. In the upper region, resistance lies at 502.91. The next price resistance is at 608.53. RSI (Relative Strength Index) is 65.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 103.20, which suggests the price will increase in the coming days. Percent R is at 45.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
