The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Microstrategy Inc shares valued at $9,027,276 were sold by GRAHAM STEPHEN X on Nov 21 ’24. At $451.36 per share, GRAHAM STEPHEN X sold 20,000 shares. The insider’s holdings dropped to 6,970 shares worth approximately $2.63 million following the completion of this transaction.
Also, STEPHEN GRAHAM purchased 20,000 shares, netting a total of over 9,027,246 in proceeds.
Before that, Montgomery Jeanine had sold 46 shares from its account. In a trade valued at $16,540, the SVP & CAO traded Microstrategy Inc shares for $359.56 each. Upon closing the transaction, the insider’s holdings decreased to 46 shares, worth approximately $2.44 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 10.27%. Over the course of the year, Microstrategy Inc shares have jumped approximately 30.28%. Shares of the company reached a 52-week high of $404.42 on 01/21/25 and a 52-week low of $292.32 on 01/02/25. A 50-day SMA is recorded $362.85, while a 200-day SMA reached $207.11. Nevertheless, trading volume fell to 15.88 million shares from 26.22 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 368.79, which, if violated, would cause prices to drop to 360.27. In the upper region, resistance lies at 388.09. The next price resistance is at 398.87. RSI (Relative Strength Index) is 54.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 39.74, which suggests the price will increase in the coming days. Percent R is at 22.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
