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Potential Price Increase for Microsoft Corporation (MSFT) After Recent Insider Activity

Microsoft Corporation’s recent filing unveils that its EVP, Chief Marketing Officer Numoto Takeshi unloaded Company’s shares for reported $0.41 million on Nov 22 ’24. In the deal valued at $414.72 per share,1,000 shares were sold. As a result of this transaction, Numoto Takeshi now holds 57,511 shares worth roughly $24.61 million.

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Then, Althoff Judson sold 25,000 shares, generating $10,425,000 in total proceeds. Upon selling the shares at $417.00, the EVP, Chief Commercial Officer now owns 117,294 shares.

Before that, Althoff Judson bought 25,000 shares. Microsoft Corporation shares valued at $10,425,000 were divested by the Officer at a price of $417.00 per share.

BMO Capital Markets reiterated its Microsoft Corporation [MSFT] rating to an Outperform in a research note published on October 31, 2024; the price target was $495. A number of analysts have revised their coverage, including Goldman’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Buy”‘ rating for it. Oppenheimer also remained covering MSFT and has decreased its forecast on October 08, 2024 with a “Perform” recommendation from previously “an Outperform” rating. DA Davidson revised its rating on September 23, 2024. It rated MSFT as “a Neutral” which previously was an “a Buy”.

Price Performance Review of MSFT

On Tuesday, Microsoft Corporation [NASDAQ:MSFT] saw its stock jump 2.20% to $427.99. Over the last five days, the stock has gained 2.44%. Microsoft Corporation shares have risen nearly 13.82% since the year began. Nevertheless, the stocks have risen 13.04% over the past one year. While a 52-week high of $468.35 was reached on 07/05/24, a 52-week low of $362.90 was recorded on 01/05/24. SMA at 50 days reached $421.52, while 200 days put it at $421.88.

Levels Of Support And Resistance For MSFT Stock

The 24-hour chart illustrates a support level at 421.55, which if violated will result in even more drops to 415.10. On the upside, there is a resistance level at 431.74. A further resistance level may holdings at 435.48. The Relative Strength Index (RSI) on the 14-day chart is 57.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.01%. Stochastics %K at 59.88% indicates the stock is a holding.

How much short interest is there in Microsoft Corporation?

A steep rise in short interest was recorded in Microsoft Corporation stocks on 2024-11-15, dropping by -4.3 million shares to a total of 56.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 60.31 million shares. There was a decline of -7.67%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 10, 2024 when New Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $570 price target.

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