Dell Technologies Inc’s recent filing unveils that its Director SLTA V (GP), L.L.C. unloaded Company’s shares for reported $59.75 million on Jan 08 ’25. In the deal valued at $119.73 per share,499,045 shares were sold. As a result of this transaction, SLTA V (GP), L.L.C. now holds 0 shares worth roughly $0.0.
Then, SLTA IV (GP), L.L.C. sold 499,045 shares, generating $59,750,319 in total proceeds. Upon selling the shares at $119.73, the Director now owns 0 shares.
Before that, SLTA V (GP), L.L.C. sold 324,076 shares. Dell Technologies Inc shares valued at $40,286,694 were divested by the Director at a price of $124.31 per share. As a result of the transaction, SLTA V (GP), L.L.C. now holds 0 shares, worth roughly $0.0.
A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Susquehanna began covering DELL with “Neutral” recommendation on September 10, 2024. Fox Advisors revised its rating on August 30, 2024. It rated DELL as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of DELL
On Monday, Dell Technologies Inc [NYSE:DELL] saw its stock fall -4.01% to $110.17. Over the last five days, the stock has lost -8.12%. Dell Technologies Inc shares have fallen nearly -4.40% since the year began. Nevertheless, the stocks have risen 40.79% over the past one year. While a 52-week high of $179.70 was reached on 01/07/25, a 52-week low of $76.90 was recorded on 01/13/25. SMA at 50 days reached $125.84, while 200 days put it at $124.92.
Levels Of Support And Resistance For DELL Stock
The 24-hour chart illustrates a support level at 107.72, which if violated will result in even more drops to 105.27. On the upside, there is a resistance level at 111.59. A further resistance level may holdings at 113.01. The Relative Strength Index (RSI) on the 14-day chart is 36.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.76%. Stochastics %K at 35.44% indicates the stock is a holding.
How much short interest is there in Dell Technologies Inc?
A steep rise in short interest was recorded in Dell Technologies Inc stocks on 2024-11-15, dropping by -0.2 million shares to a total of 10.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.34 million shares. There was a decline of -2.0%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 30, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $128.
