In a filing, Netgear Inc revealed its Chief Revenue Officer WERDANN MICHAEL A unloaded Company’s shares for reported $0.11 million on May 06 ’24. In the deal valued at $12.15 per share,9,244 shares were sold. As a result of this transaction, WERDANN MICHAEL A now holds 79,668 shares worth roughly $0.92 million.
Then, Westhead Martin sold 8,748 shares, generating $106,376 in total proceeds. Upon selling the shares at $12.16, the CTO, Software now owns 66,608 shares.
Before that, Kim Andrew Wonki sold 5,723 shares. Netgear Inc shares valued at $83,212 were divested by the Chief Legal Officer at a price of $14.54 per share. As a result of the transaction, Kim Andrew Wonki now holds 76,656 shares, worth roughly $0.88 million.
BWS Financial downgraded its Netgear Inc [NTGR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BWS Financial’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. BWS Financial also remained covering NTGR and has decreased its forecast on October 28, 2021 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of NTGR
On Tuesday, Netgear Inc [NASDAQ:NTGR] saw its stock fall -4.73% to $11.49. Over the last five days, the stock has lost -22.26%. Netgear Inc shares have fallen nearly -21.19% since the year began. Nevertheless, the stocks have fallen -17.46% over the past one year. While a 52-week high of $15.93 was reached on 04/01/24, a 52-week low of $10.40 was recorded on 05/02/24. SMA at 50 days reached $14.65, while 200 days put it at $13.62. A total of 0.39 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For NTGR Stock
The 24-hour chart illustrates a support level at 11.22, which if violated will result in even more drops to 10.96. On the upside, there is a resistance level at 11.98. A further resistance level may holdings at 12.48. The Relative Strength Index (RSI) on the 14-day chart is 25.21, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.26%. Stochastics %K at 26.84% indicates the stock is a holding.
