Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Extreme Networks Inc. shares valued at $376,602 were sold by MEYERCORD EDWARD on Feb 01 ’24. At $13.24 per share, MEYERCORD EDWARD sold 28,443 shares. The insider’s holdings dropped to 1,129,611 shares worth approximately $12.36 million following the completion of this transaction.
Also, MEYERCORD EDWARD sold 28,443 shares, netting a total of over 464,164 in proceeds. Following the sale of shares at $16.32 each, the insider now holds 1,129,611 shares.
Before that, MEYERCORD EDWARD had sold 28,443 shares from its account. In a trade valued at $486,424, the PRESIDENT AND CEO traded Extreme Networks Inc. shares for $17.10 each. Upon closing the transaction, the insider’s holdings decreased to 28,443 shares, worth approximately $11.93 million.
As published in a research note from B. Riley Securities on April 15, 2024, Extreme Networks Inc. [EXTR] has been rated up from a Neutral to a Buy and the price target has been revised to $14. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of February 01, 2024, Rosenblatt has decreased its “Buy” rating to a “Neutral” for EXTR. Earlier on November 01, 2023, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for EXTR stock which previously was a “an Outperform”.
Analyzing EXTR Stock Performance
During the last five days, there has been a drop of approximately -1.17%. Over the course of the year, Extreme Networks Inc. shares have dropped approximately -37.98%. Shares of the company reached a 52-week high of $18.09 on 01/02/24 and a 52-week low of $10.57 on 04/12/24. A 50-day SMA is recorded $11.76, while a 200-day SMA reached $19.28. Nevertheless, trading volume fell to 1.1 million shares from 1.8 million shares the previous day.
Support And Resistance Levels for Extreme Networks Inc. (EXTR)
According to the 24-hour chart, there is a support level at 10.81, which, if violated, would cause prices to drop to 10.68. In the upper region, resistance lies at 11.16. The next price resistance is at 11.37. RSI (Relative Strength Index) is 40.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 68.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
