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Arlo Technologies Inc [ARLO] GENERAL COUNSEL makes an insider purchase of 56,973 shares worth 0.67 million.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Arlo Technologies Inc shares valued at $665,445 were sold by Busse Brian on Mar 13 ’24. At $11.68 per share, Busse Brian sold 56,973 shares. The insider’s holdings dropped to 604,905 shares worth approximately $7.34 million following the completion of this transaction.

Also, MCRAE MATTHEW BLAKE sold 119,900 shares, netting a total of over 1,308,133 in proceeds. Following the sale of shares at $10.91 each, the insider now holds 2,195,050 shares.

Before that, BINDER KURTIS JOSEPH had sold 18,120 shares from its account. In a trade valued at $197,684, the CHIEF FINANCIAL OFFICER traded Arlo Technologies Inc shares for $10.91 each. Upon closing the transaction, the insider’s holdings decreased to 18,120 shares, worth approximately $8.52 million.

As published in their initiating research note from ROTH MKM on October 31, 2023, Arlo Technologies Inc [ARLO] has been a Buy and the price target has been revised to $13. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of January 25, 2022, Lake Street has initiated its “Buy” rating for ARLO. Earlier on July 29, 2020, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for ARLO stock which previously was a “a Mkt perform”.

Analyzing ARLO Stock Performance

During the last five days, there has been a surge of approximately 9.97%. Over the course of the year, Arlo Technologies Inc shares have jumped approximately 27.42%. Shares of the company reached a 52-week high of $13.34 on 03/22/24 and a 52-week low of $8.33 on 01/17/24. A 50-day SMA is recorded $11.35, while a 200-day SMA reached $10.04. Nevertheless, trading volume fell to 1.24 million shares from 0.72 million shares the previous day.

Support And Resistance Levels for Arlo Technologies Inc (ARLO)

According to the 24-hour chart, there is a support level at 11.97, which, if violated, would cause prices to drop to 11.80. In the upper region, resistance lies at 12.44. The next price resistance is at 12.74. RSI (Relative Strength Index) is 61.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 20.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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