Netapp Inc’s recent filing unveils that its EVP, Chief Legal Officer O’Callahan Elizabeth M unloaded Company’s shares for reported $89730.0 on Apr 10 ’24. In the deal valued at $103.02 per share,871 shares were sold. As a result of this transaction, O’Callahan Elizabeth M now holds 9,601 shares worth roughly $0.98 million.
Then, CERNUDA CESAR sold 22,000 shares, generating $2,310,660 in total proceeds. Upon selling the shares at $105.03, the President now owns 43,072 shares.
Before that, Kurian George sold 8,500 shares. Netapp Inc shares valued at $862,218 were divested by the CEO at a price of $101.44 per share. As a result of the transaction, Kurian George now holds 261,202 shares, worth roughly $26.59 million.
Argus upgraded its Netapp Inc [NTAP] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. Raymond James also remained covering NTAP and has decreased its forecast on January 16, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on January 08, 2024. It rated NTAP as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of NTAP
On Friday, Netapp Inc [NASDAQ:NTAP] saw its stock fall -2.91% to $101.81. Over the last five days, the stock has lost -3.08%. Netapp Inc shares have risen nearly 15.48% since the year began. Nevertheless, the stocks have risen 53.33% over the past one year. While a 52-week high of $112.48 was reached on 03/01/24, a 52-week low of $60.92 was recorded on 01/08/24. SMA at 50 days reached $97.42, while 200 days put it at $84.34. A total of 1.35 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 100.98, which if violated will result in even more drops to 100.16. On the upside, there is a resistance level at 103.31. A further resistance level may holdings at 104.82. The Relative Strength Index (RSI) on the 14-day chart is 48.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.91%. Stochastics %K at 17.09% indicates the stock is a buying.
The most recent change occurred on November 29, 2023 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $100.
