Netapp Inc’s recently made public that its CEO Kurian George unloaded Company’s shares for reported $0.88 million on Apr 15 ’24. In the deal valued at $103.16 per share,8,500 shares were sold. As a result of this transaction, Kurian George now holds 252,702 shares worth roughly $24.75 million.
Then, O’Callahan Elizabeth M sold 871 shares, generating $89,730 in total proceeds. Upon selling the shares at $103.02, the EVP, Chief Legal Officer now owns 9,601 shares.
Before that, CERNUDA CESAR sold 22,000 shares. Netapp Inc shares valued at $2,310,660 were divested by the President at a price of $105.03 per share. As a result of the transaction, CERNUDA CESAR now holds 43,072 shares, worth roughly $4.22 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 -2.19% to $97.95. Over the last five days, the stock has lost -3.79%. Netapp Inc shares have risen nearly 11.10% since the year began. Nevertheless, the stocks have risen 48.07% 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 $98.75, while 200 days put it at $84.96. A total of 1.69 million shares were traded, compared to the trading of 1.03 million shares in the previous session.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 96.89, which if violated will result in even more drops to 95.82. On the upside, there is a resistance level at 99.88. A further resistance level may holdings at 101.80. The Relative Strength Index (RSI) on the 14-day chart is 37.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.19%. Stochastics %K at 3.60% 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.
