In a filing, Netflix Inc. revealed its Executive Chairman HASTINGS REED unloaded Company’s shares for reported $12.55 million on Apr 01 ’24. In the deal valued at $610.42 per share,20,566 shares were sold. As a result of this transaction, HASTINGS REED now holds 28 shares worth roughly $17813.039999999997.
Then, Peters Gregory K sold 5,352 shares, generating $3,345,000 in total proceeds. Upon selling the shares at $625.00, the Co-CEO now owns 13,090 shares.
Before that, HASTINGS REED sold 18,494 shares. Netflix Inc. shares valued at $11,303,912 were divested by the Executive Chairman at a price of $611.22 per share. As a result of the transaction, HASTINGS REED now holds 28 shares, worth roughly $17813.039999999997.
Pivotal Research Group reiterated its Netflix Inc. [NFLX] rating to a Buy in a research note published on April 05, 2024; the price target was $765. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in late March has reiterated a ‘”a Neutral”‘ rating for it. Jefferies also remained covering NFLX and reiterated its “Buy” recommendation on March 12, 2024. Oppenheimer maintained its rating on March 11, 2024. It rated NFLX as “an Outperform”.
Price Performance Review of NFLX
On Friday, Netflix Inc. [NASDAQ:NFLX] saw its stock jump 3.09% to $636.18. Over the last five days, the stock has gained 4.75%. Netflix Inc. shares have risen nearly 30.66% since the year began. Nevertheless, the stocks have risen 83.47% over the past one year. While a 52-week high of $638.00 was reached on 04/04/24, a 52-week low of $315.62 was recorded on 01/02/24. SMA at 50 days reached $594.70, while 200 days put it at $475.58. A total of 3.37 million shares were traded, compared to the trading of 3.06 million shares in the previous session.
Levels Of Support And Resistance For NFLX Stock
The 24-hour chart illustrates a support level at 626.62, which if violated will result in even more drops to 617.07. On the upside, there is a resistance level at 641.82. A further resistance level may holdings at 647.47. The Relative Strength Index (RSI) on the 14-day chart is 62.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.00%. Stochastics %K at 74.86% indicates the stock is a holding.
How much short interest is there in Netflix Inc.?
A steep rise in short interest was recorded in Netflix Inc. stocks on Mar 15, 2024, dropping by -0.14 million shares to a total of 7.94 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.08 million shares. There was a decline of -1.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.86% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.36.
