Netflix Inc.’s recently made public 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 $ 15541.119999999999.
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 $15541.119999999999.
Needham upgraded its Netflix Inc. [NFLX] rating to a Buy from a Hold in a research note published recently. A number of analysts have revised their coverage, including Pivotal Research Group’s analysts, who remained covering the stock and in mid April has reiterated a ‘”a Buy”‘ rating for it. Canaccord Genuity also remained covering NFLX and has decreased its forecast on April 19, 2024 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank maintained its rating on April 15, 2024. It rated NFLX as “a Hold”.
Price Performance Review of NFLX
On Friday, Netflix Inc. [NASDAQ:NFLX] saw its stock fall -9.09% to $555.04. Over the last five days, the stock has lost -10.88%. Netflix Inc. shares have risen nearly 14.00% since the year began. Nevertheless, the stocks have risen 71.78% 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 $604.22, while 200 days put it at $484.73. A total of 16.45 million shares were traded, compared to the trading of 8.47 million shares in the previous session.
Levels Of Support And Resistance For NFLX Stock
The 24-hour chart illustrates a support level at 545.13, which if violated will result in even more drops to 535.23. On the upside, there is a resistance level at 571.97. A further resistance level may holdings at 588.91. The Relative Strength Index (RSI) on the 14-day chart is 31.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -22.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.68%. Stochastics %K at 18.23% indicates the stock is a buying.
The most recent change occurred on April 12, 2024 when Piper Sandler resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $600.
