Raymond James downgrades Natera Inc (NTRA) stock to an Outperform

Natera Inc’s recently made public that its CEO AND PRESIDENT Chapman Steven Leonard unloaded Company’s shares for reported $7.4 million on Mar 15 ’24. In the deal valued at $88.96 per share,83,223 shares were sold. As a result of this transaction, Chapman Steven Leonard now holds 232,004 shares worth roughly $21.2 million.

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Then, Sheena Jonathan sold 5,000 shares, generating $443,492 in total proceeds. Upon selling the shares at $88.70, the CO-FOUNDER now owns 458,585 shares.

Before that, Rabinowitz Matthew sold 190,000 shares. Natera Inc shares valued at $16,605,069 were divested by the EXECUTIVE CHAIRMAN at a price of $87.40 per share. As a result of the transaction, Rabinowitz Matthew now holds 860,036 shares, worth roughly $78.6 million.

Raymond James downgraded its Natera Inc [NTRA] rating to an Outperform from a a Strong buy in a research note published on February 20, 2024; the price target was increased to $85 from $68. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in late December has reiterated a ‘”a Buy”‘ rating for it. Guggenheim began covering NTRA with “Buy” recommendation on December 14, 2023. Wolfe Research started covering the stock on December 13, 2023. It rated NTRA as “an Outperform”.

Price Performance Review of NTRA

On Monday, Natera Inc [NASDAQ:NTRA] saw its stock fall -1.01% to $91.39. Over the last five days, the stock has gained 1.41%. Natera Inc shares have risen nearly 45.90% since the year began. Nevertheless, the stocks have risen 64.08% over the past one year. While a 52-week high of $96.24 was reached on 03/21/24, a 52-week low of $36.90 was recorded on 01/05/24. SMA at 50 days reached $76.30, while 200 days put it at $57.42. A total of 1.07 million shares were traded, compared to the trading of 1.52 million shares in the previous session.

Levels Of Support And Resistance For NTRA Stock

The 24-hour chart illustrates a support level at 90.66, which if violated will result in even more drops to 89.92. On the upside, there is a resistance level at 92.56. A further resistance level may holdings at 93.73. The Relative Strength Index (RSI) on the 14-day chart is 67.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.85%. Stochastics %K at 56.00% indicates the stock is a holding.

How much short interest is there in Natera Inc?

A steep rise in short interest was recorded in Natera Inc stocks on Feb 29, 2024, growing by 0.71 million shares to a total of 8.55 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 7.84 million shares. There was a rise of 8.3%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.54% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.1.

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