Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Super Micro Computer Inc shares valued at $240,600 were sold by FAIRFAX DANIEL W on Jun 03 ’24. At $802.00 per share, FAIRFAX DANIEL W sold 300 shares. The insider’s holdings dropped to 18,887 shares worth approximately $0.63 million following the completion of this transaction.
Also, LIU TALLY C sold 500 shares, netting a total of over 419,586 in proceeds. Following the sale of shares at $839.17 each, the insider now holds 27,813 shares.
Before that, FAIRFAX DANIEL W had sold 300 shares from its account. In a trade valued at $233,208, the Director traded Super Micro Computer Inc shares for $777.36 each. Upon closing the transaction, the insider’s holdings decreased to 300 shares, worth approximately $0.64 million.
As published in a research note from JP Morgan on November 06, 2024, Super Micro Computer Inc [SMCI] has been rated down from a Neutral to an Underweight and the price target has been revised to $23 from $50. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late October. As of September 18, 2024, Needham has initiated its “Buy” rating for SMCI. Earlier on September 17, 2024, Mizuho initiated its rating. Their recommendation was “a Neutral” for SMCI stock.
Analyzing SMCI Stock Performance
During the last five days, there has been a surge of approximately 7.81%. Over the course of the year, Super Micro Computer Inc shares have jumped approximately 9.61%. Shares of the company reached a 52-week high of $38.50 on 01/06/25 and a 52-week low of $29.01 on 01/13/25. A 50-day SMA is recorded $32.43, while a 200-day SMA reached $57.82. Nevertheless, trading volume fell to 21.41 million shares from 46.47 million shares the previous day.
Support And Resistance Levels for Super Micro Computer Inc (SMCI)
According to the 24-hour chart, there is a support level at 32.85, which, if violated, would cause prices to drop to 32.29. In the upper region, resistance lies at 33.91. The next price resistance is at 34.42. RSI (Relative Strength Index) is 51.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.83, which suggests the price will decrease in the coming days. Percent R is at 53.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
