Netflix Inc.’s recent filing unveils that 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 $17439.24.
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 $17439.24.
Piper Sandler reiterated its Netflix Inc. [NFLX] rating to a Neutral in a research note published on April 12, 2024; the price target was $600. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who remained covering the stock and in mid April has reiterated a ‘”an Overweight”‘ rating for it. Pivotal Research Group also remained covering NFLX and reiterated its “Buy” recommendation on April 05, 2024. Citigroup maintained its rating on March 25, 2024. It rated NFLX as “a Neutral”.
Price Performance Review of NFLX
On Friday, Netflix Inc. [NASDAQ:NFLX] saw its stock fall -0.95% to $622.83. Over the last five days, the stock has lost -2.10%. Netflix Inc. shares have risen nearly 27.92% since the year began. Nevertheless, the stocks have risen 88.15% over the past one year. While a 52-week high of $639.00 was reached on 04/08/24, a 52-week low of $315.62 was recorded on 01/02/24. SMA at 50 days reached $600.33, while 200 days put it at $480.64. A total of 2.93 million shares were traded, compared to the trading of 2.66 million shares in the previous session.
Levels Of Support And Resistance For NFLX Stock
The 24-hour chart illustrates a support level at 616.79, which if violated will result in even more drops to 610.75. On the upside, there is a resistance level at 630.99. A further resistance level may holdings at 639.16. The Relative Strength Index (RSI) on the 14-day chart is 54.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.22%. Stochastics %K at 58.29% indicates the stock is a holding.
The most recent change occurred on March 12, 2024 when Jefferies resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $700.
