Super Micro Computer Inc’s recently made public that its Director FAIRFAX DANIEL W unloaded Company’s shares for reported $0.24 million on Jun 03 ’24. In the deal valued at $802.00 per share,300 shares were sold. As a result of this transaction, FAIRFAX DANIEL W now holds 18,887 shares worth roughly $0.86 million.
Then, LIU TALLY C sold 500 shares, generating $419,586 in total proceeds. Upon selling the shares at $839.17, the Director now owns 27,813 shares.
Before that, FAIRFAX DANIEL W sold 300 shares. Super Micro Computer Inc shares valued at $233,208 were divested by the Director at a price of $777.36 per share. As a result of the transaction, FAIRFAX DANIEL W now holds 19,187 shares, worth roughly $0.87 million.
CFRA upgraded its Super Micro Computer Inc [SMCI] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underweight”. Argus also remained covering SMCI and has decreased its forecast on October 31, 2024 with a “Hold” recommendation from previously “Buy” rating. Needham started covering the stock on September 18, 2024. It rated SMCI as “a Buy”.
Price Performance Review of SMCI
On Tuesday, Super Micro Computer Inc [NASDAQ:SMCI] saw its stock fall -11.76% to $45.54. Over the last five days, the stock has lost -18.39%. Super Micro Computer Inc shares have risen nearly 49.41% since the year began. Nevertheless, the stocks have fallen -53.32% over the past one year. While a 52-week high of $122.90 was reached on 02/19/25, a 52-week low of $17.25 was recorded on 02/03/25. SMA at 50 days reached $35.90, while 200 days put it at $52.88.
Levels Of Support And Resistance For SMCI Stock
The 24-hour chart illustrates a support level at 42.80, which if violated will result in even more drops to 40.07. On the upside, there is a resistance level at 49.47. A further resistance level may holdings at 53.41. The Relative Strength Index (RSI) on the 14-day chart is 54.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 56.96%. Stochastics %K at 59.88% indicates the stock is a holding.
The most recent change occurred on September 17, 2024 when Mizuho began covering the stock and recommended ‘”a Neutral”‘ rating along with a $450 price target.
