Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NAPCO Security Technologies Inc shares valued at $11,050,450 were sold by SOLOWAY RICHARD on May 08 ’24. At $44.20 per share, SOLOWAY RICHARD sold 250,000 shares. The insider’s holdings dropped to 1,406,010 shares worth approximately $62.5 million following the completion of this transaction.
Also, SOLOWAY RICHARD sold 50,000 shares, netting a total of over 2,037,500 in proceeds. Following the sale of shares at $40.75 each, the insider now holds 1,656,010 shares.
Before that, BUCHEL KEVIN S had sold 50,000 shares from its account. In a trade valued at $2,018,050, the Executive Vice President traded NAPCO Security Technologies Inc shares for $40.36 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $2.79 million.
As published in their initiating research note from DA Davidson on April 26, 2024, NAPCO Security Technologies Inc [NSSC] has been a Buy and the price target has been revised to $52. Analysts at Imperial Capital downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early February. As of August 30, 2023, Needham has reiterated its “Buy” rating for NSSC. Earlier on August 21, 2023, Needham resumed its rating. Their recommendation was “a Buy” for NSSC stock.
Analyzing NSSC Stock Performance
During the last five days, there has been a surge of approximately 10.57%. Over the course of the year, NAPCO Security Technologies Inc shares have jumped approximately 29.78%. Shares of the company reached a 52-week high of $46.41 on 05/07/24 and a 52-week low of $31.27 on 01/16/24. A 50-day SMA is recorded $41.11, while a 200-day SMA reached $33.00. Nevertheless, trading volume fell to 0.74 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for NAPCO Security Technologies Inc (NSSC)
According to the 24-hour chart, there is a support level at 43.48, which, if violated, would cause prices to drop to 42.51. In the upper region, resistance lies at 45.62. The next price resistance is at 46.78. RSI (Relative Strength Index) is 60.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.33, which suggests the price will increase in the coming days. Percent R is at 26.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
