NAPCO Security Technologies Inc’s filing revealed that its Pres, CEO, Chairman, Secy SOLOWAY RICHARD unloaded Company’s shares for reported $2.04 million on Apr 08 ’24. In the deal valued at $40.75 per share,50,000 shares were sold. As a result of this transaction, SOLOWAY RICHARD now holds 1,656,010 shares worth roughly $66.27 million.
Then, BUCHEL KEVIN S sold 50,000 shares, generating $2,018,050 in total proceeds. Upon selling the shares at $40.36, the Executive Vice President now owns 62,739 shares.
Before that, SOLOWAY RICHARD sold 2,000,000 shares. NAPCO Security Technologies Inc shares valued at $81,500,000 were divested by the Pres, CEO, Chairman, Secy at a price of $40.75 per share. As a result of the transaction, SOLOWAY RICHARD now holds 1,706,010 shares, worth roughly $68.27 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 Friday, NAPCO Security Technologies Inc [NASDAQ:NSSC] saw its stock jump 0.73% to $40.02. Over the last five days, the stock has gained 3.22%. NAPCO Security Technologies Inc shares have risen nearly 16.85% since the year began. Nevertheless, the stocks have risen 17.60% 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 $41.54, while 200 days put it at $32.51. A total of 0.71 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For NSSC Stock
The 24-hour chart illustrates a support level at 39.32, which if violated will result in even more drops to 38.62. On the upside, there is a resistance level at 40.40. A further resistance level may holdings at 40.78. The Relative Strength Index (RSI) on the 14-day chart is 51.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.81%. Stochastics %K at 44.22% indicates the stock is a holding.
