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. Natera Inc shares valued at $7,403,534 were sold by Chapman Steven Leonard on Mar 15 ’24. At $88.96 per share, Chapman Steven Leonard sold 83,223 shares. The insider’s holdings dropped to 232,004 shares worth approximately $21.31 million following the completion of this transaction.
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Also, Sheena Jonathan sold 5,000 shares, netting a total of over 443,492 in proceeds. Following the sale of shares at $88.70 each, the insider now holds 458,585 shares.
Before that, Rabinowitz Matthew had sold 190,000 shares from its account. In a trade valued at $16,605,069, the EXECUTIVE CHAIRMAN traded Natera Inc shares for $87.40 each. Upon closing the transaction, the insider’s holdings decreased to 190,000 shares, worth approximately $79.01 million.
As published in a research note from Raymond James on February 20, 2024, Natera Inc [NTRA] has been rated down from a Strong buy to an Outperform and the price target has been revised to $85 from $68. Analysts at BTIG Research resumed the stock at ‘”a Buy”‘ outlook in a report released in late December. As of December 14, 2023, Guggenheim has initiated its “Buy” rating for NTRA. Earlier on December 13, 2023, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for NTRA stock.
Analyzing NTRA Stock Performance
During the last five days, there has been a surge of approximately 4.74%. Over the course of the year, Natera Inc shares have jumped approximately 46.66%. Shares of the company reached a 52-week high of $96.24 on 03/21/24 and a 52-week low of $58.53 on 01/05/24. A 50-day SMA is recorded $75.17, while a 200-day SMA reached $56.99. Nevertheless, trading volume fell to 1.52 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for Natera Inc (NTRA)
According to the 24-hour chart, there is a support level at 90.38, which, if violated, would cause prices to drop to 88.89. In the upper region, resistance lies at 94.80. The next price resistance is at 97.73. RSI (Relative Strength Index) is 69.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.92, which suggests the price will increase in the coming days. Percent R is at 43.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Natera Inc subject to short interest?
Stocks of Natera Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.71 million shares to 8.55 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 7.84 million shares. A jump of 8.3% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.1 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.1.
