In a filing, Arlo Technologies Inc revealed its GENERAL COUNSEL Busse Brian unloaded Company’s shares for reported $0.67 million on Mar 13 ’24. In the deal valued at $11.68 per share,56,973 shares were sold. As a result of this transaction, Busse Brian now holds 604,905 shares worth roughly $7.07 million.
Then, MCRAE MATTHEW BLAKE sold 119,900 shares, generating $1,308,133 in total proceeds. Upon selling the shares at $10.91, the CEO now owns 2,195,050 shares.
Before that, BINDER KURTIS JOSEPH sold 18,120 shares. Arlo Technologies Inc shares valued at $197,684 were divested by the CHIEF FINANCIAL OFFICER at a price of $10.91 per share. As a result of the transaction, BINDER KURTIS JOSEPH now holds 702,680 shares, worth roughly $8.21 million.
ROTH MKM initiated its Arlo Technologies Inc [ARLO] rating to a Buy in a research note published on October 31, 2023; the price target was $13. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Lake Street began covering ARLO with “Buy” recommendation on January 25, 2022. Raymond James revised its rating on July 29, 2020. It rated ARLO as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ARLO
On Friday, Arlo Technologies Inc [NYSE:ARLO] saw its stock fall -0.43% to $11.68. Over the last five days, the stock has lost -7.67%. Arlo Technologies Inc shares have risen nearly 22.69% since the year began. Nevertheless, the stocks have risen 86.28% over the past one year. While a 52-week high of $13.34 was reached on 03/22/24, a 52-week low of $6.16 was recorded on 01/17/24. SMA at 50 days reached $10.49, while 200 days put it at $9.96. A total of 0.59 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For ARLO Stock
The 24-hour chart illustrates a support level at 11.59, which if violated will result in even more drops to 11.50. On the upside, there is a resistance level at 11.78. A further resistance level may holdings at 11.88. The Relative Strength Index (RSI) on the 14-day chart is 50.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.40%. Stochastics %K at 12.59% indicates the stock is a buying.
How much short interest is there in Arlo Technologies Inc?
A steep rise in short interest was recorded in Arlo Technologies Inc stocks on Mar 15, 2024, dropping by 20000.0 shares to a total of 4.54 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.56 million shares. There was a decline of -0.44%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.65% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.19.
