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The Potential Rise in the Price of Extreme Networks Inc. (EXTR) following insiders activity

In a filing, Extreme Networks Inc. revealed its PRESIDENT AND CEO MEYERCORD EDWARD unloaded Company’s shares for reported $0.38 million on Feb 01 ’24. In the deal valued at $13.24 per share,28,443 shares were sold. As a result of this transaction, MEYERCORD EDWARD now holds 1,129,611 shares worth roughly $13.05 million.

Then, MEYERCORD EDWARD sold 28,443 shares, generating $464,164 in total proceeds. Upon selling the shares at $16.32, the PRESIDENT AND CEO now owns 1,129,611 shares.

Before that, MEYERCORD EDWARD sold 28,443 shares. Extreme Networks Inc. shares valued at $486,424 were divested by the PRESIDENT AND CEO at a price of $17.10 per share. As a result of the transaction, MEYERCORD EDWARD now holds 1,090,354 shares, worth roughly $12.59 million.

B. Riley Securities upgraded its Extreme Networks Inc. [EXTR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Rosenblatt also remained covering EXTR and has decreased its forecast on February 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. Oppenheimer revised its rating on November 01, 2023. It rated EXTR as “a Perform” which previously was an “an Outperform”.

Price Performance Review of EXTR

On Monday, Extreme Networks Inc. [NASDAQ:EXTR] saw its stock fall -0.43% to $11.55. Over the last five days, the stock has gained 7.64%. Extreme Networks Inc. shares have fallen nearly -34.52% since the year began. Nevertheless, the stocks have fallen -32.34% over the past one year. While a 52-week high of $32.73 was reached on 01/02/24, a 52-week low of $10.57 was recorded on 04/12/24. SMA at 50 days reached $11.60, while 200 days put it at $18.73. A total of 1.93 million shares were traded, compared to the trading of 1.56 million shares in the previous session.

Levels Of Support And Resistance For EXTR Stock

The 24-hour chart illustrates a support level at 11.36, which if violated will result in even more drops to 11.18. On the upside, there is a resistance level at 11.79. A further resistance level may holdings at 12.03. The Relative Strength Index (RSI) on the 14-day chart is 54.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.92%. Stochastics %K at 79.00% indicates the stock is a holding.

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