An insider sells Dell shares
Michael Dell, CEO of Dell Technologies Inc., intends to sell 10 million of the company's shares worth 1.3 billion USD, according to a regulatory filing from 6 June 2024. Combined with the 1.6 billion USD in shares he and the Michael & Susan Dell Foundation sold earlier this year, 2024 marks a record year for such sales.
Previously, the company entered the Artificial Intelligence (AI) race, which served as an impetus for increasing Dell Technologies' capitalisation. However, the company's management may not foresee further growth prospects in the value of shares.
Given the current external conditions of the stock market and mixed signals from the US Federal Reserve regarding future monetary policy, Dell's decision to sell shares appears rational and well-considered.
Exploring potential trading opportunities, let's review the technical analysis of Dell Technologies Inc. (NYSE: DELL) shares.
On the Daily (D1) timeframe, Dell's stock has established a resistance level at 179.70 USD and support at 128.60 USD. The beginning of the downward trend can be observed.
Since the range between the current support and resistance levels is quite broad, the likelihood of a further downward breakthrough is very high. However, if an upward trend begins, the upside target could be set at 185.10 USD.
If the current uptrend continues and the support level at 128.60 USD is breached, the short-term target could be set at 117.25 USD. In the medium term, the price may decline to 105.50 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Previously, the company entered the Artificial Intelligence (AI) race, which served as an impetus for increasing Dell Technologies' capitalisation. However, the company's management may not foresee further growth prospects in the value of shares.
Given the current external conditions of the stock market and mixed signals from the US Federal Reserve regarding future monetary policy, Dell's decision to sell shares appears rational and well-considered.
Exploring potential trading opportunities, let's review the technical analysis of Dell Technologies Inc. (NYSE: DELL) shares.
On the Daily (D1) timeframe, Dell's stock has established a resistance level at 179.70 USD and support at 128.60 USD. The beginning of the downward trend can be observed.
Since the range between the current support and resistance levels is quite broad, the likelihood of a further downward breakthrough is very high. However, if an upward trend begins, the upside target could be set at 185.10 USD.
If the current uptrend continues and the support level at 128.60 USD is breached, the short-term target could be set at 117.25 USD. In the medium term, the price may decline to 105.50 USD.
__
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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