Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Extreme Networks Inc. shares valued at $12,397 were sold by TATE CRISTINA on May 16. At $16.73 per share, TATE CRISTINA sold 741 shares. The insider’s holdings dropped to 20,950 shares worth approximately $0.39 million following the completion of this transaction.
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Also, TATE CRISTINA CAMAHORT sold 669 shares, netting a total of over 12,564 in proceeds. Following the sale of shares at $18.78 each, the insider now holds 20,950 shares.
Before that, Khanna Raj had sold 10,000 shares from its account. In a trade valued at $195,318, the Director traded Extreme Networks Inc. shares for $19.53 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.37 million.
Analyzing EXTR Stock Performance
On Thursday, Extreme Networks Inc. [NASDAQ: EXTR] plunged -0.11% to $18.41. The stock’s lowest price that day was $18.23, but it reached a high of $18.86 in the same session. During the last five days, there has been a drop of approximately -0.05%. Over the course of the year, Extreme Networks Inc. shares have jumped approximately 0.55%. Shares of the company reached a 52-week high of $20.08 on 01/17/23 and a 52-week low of $14.63 on 01/25/23. A 50-day SMA is recorded $17.70, while a 200-day SMA reached $17.11. Nevertheless, trading volume fell to 1.22 million shares from 1.04 million shares the previous day.
Support And Resistance Levels for Extreme Networks Inc. (EXTR)
According to the 24-hour chart, there is a support level at 18.14, which, if violated, would cause prices to drop to 17.87. In the upper region, resistance lies at 18.77. The next price resistance is at 19.13. RSI (Relative Strength Index) is 59.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.90, which suggests the price will decrease in the coming days. Percent R is at 25.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Extreme Networks Inc. subject to short interest?
Stocks of Extreme Networks Inc. saw a sharp rise in short interest on May 14, 2023 jumping by 0.34 million shares to 9.95 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 9.61 million shares. A jump of 3.42% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.66 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.66.
Which companies own the most shares of Extreme Networks Inc. (EXTR)?
According to BlackRock Fund Advisors filings, the company currently owns 15,512,959 shares, which is about 12.01% of the total EXTR shares outstanding. The investor’s shares have appreciated by 39,524 from its previous 13-F filing of 15473435.0 shares. Voss Capital LLC acquire a 67.22% interest valued at $103.12 million while Paradigm Capital Management, Inc. sold a -251,800 stake. A total of 155,433 shares of Extreme Networks Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -4,894,535 were sold by Capital Research & Management Co. In its current portfolio, Fidelity Management & Research Co holds 3,408,531 shares valued at $60.6 million.