In a filing, NAPCO Security Technologies Inc revealed its Executive Vice President BUCHEL KEVIN S unloaded Company’s shares for reported $2.02 million on Mar 12 ’24. In the deal valued at $40.36 per share,50,000 shares were sold. As a result of this transaction, BUCHEL KEVIN S now holds 62,739 shares worth roughly $2.55 million.
Then, SOLOWAY RICHARD sold 2,000,000 shares, generating $81,500,000 in total proceeds. Upon selling the shares at $40.75, the Pres, CEO, Chairman, Secy now owns 1,706,010 shares.
Before that, SOLOWAY RICHARD sold 28,000 shares. NAPCO Security Technologies Inc shares valued at $1,263,360 were divested by the President, CEO and Secretary at a price of $45.12 per share. As a result of the transaction, SOLOWAY RICHARD now holds 3,706,010 shares, worth roughly $150.54 million.
Imperial Capital downgraded its NAPCO Security Technologies Inc [NSSC] rating to an In-line from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering NSSC and reiterated its “Buy” recommendation on August 21, 2023. William Blair revised its rating on August 21, 2023. It rated NSSC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of NSSC
On Tuesday, NAPCO Security Technologies Inc [NASDAQ:NSSC] saw its stock fall -1.43% to $40.62. Over the last five days, the stock has gained 3.23%. NAPCO Security Technologies Inc shares have risen nearly 18.60% since the year began. Nevertheless, the stocks have risen 20.57% over the past one year. While a 52-week high of $46.26 was reached on 02/12/24, a 52-week low of $17.76 was recorded on 01/16/24. SMA at 50 days reached $41.41, while 200 days put it at $32.34. A total of 0.34 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For NSSC Stock
The 24-hour chart illustrates a support level at 40.00, which if violated will result in even more drops to 39.38. On the upside, there is a resistance level at 41.30. A further resistance level may holdings at 41.98. The Relative Strength Index (RSI) on the 14-day chart is 51.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.58%. Stochastics %K at 76.72% indicates the stock is a holding.
How much short interest is there in NAPCO Security Technologies Inc?
A steep rise in short interest was recorded in NAPCO Security Technologies Inc stocks on Mar 28, 2024, dropping by 20000.0 shares to a total of 2.68 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 2.7 million shares. There was a decline of -0.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.68.
