Netflix Inc.’s filing revealed that its Executive Chairman HASTINGS REED unloaded Company’s shares for reported $10.13 million on May 01 ’24. In the deal valued at $551.54 per share,18,361 shares were sold. As a result of this transaction, HASTINGS REED now holds 28 shares worth roughly $16221.52.
Then, Sweeney Anne M sold 633 shares, generating $354,480 in total proceeds. Upon selling the shares at $560.00, the Director now owns 0 shares.
Before that, Sweeney Anne M sold 2,377 shares. Netflix Inc. shares valued at $1,331,120 were divested by the Director at a price of $560.00 per share. As a result of the transaction, Sweeney Anne M now holds 0 shares, worth roughly $0.0.
Needham upgraded its Netflix Inc. [NFLX] rating to a Buy from a 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 jump 2.51% to $579.34. Over the last five days, the stock has gained 3.23%. Netflix Inc. shares have risen nearly 18.99% since the year began. Nevertheless, the stocks have risen 81.44% over the past one year. While a 52-week high of $639.00 was reached on 04/08/24, a 52-week low of $315.85 was recorded on 01/02/24. SMA at 50 days reached $602.10, while 200 days put it at $490.34. A total of 3.28 million shares were traded, compared to the trading of 3.07 million shares in the previous session.
Levels Of Support And Resistance For NFLX Stock
The 24-hour chart illustrates a support level at 569.58, which if violated will result in even more drops to 559.82. On the upside, there is a resistance level at 584.68. A further resistance level may holdings at 590.02. The Relative Strength Index (RSI) on the 14-day chart is 47.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.59%. Stochastics %K at 27.77% indicates the stock is a holding.
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.
