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Analysts review Arlo Technologies Inc’s rating

Arlo Technologies Inc’s recent filing unveils that its GENERAL COUNSEL Busse Brian unloaded Company’s shares for reported $0.67 million on Mar 13 ’24. In the deal valued at $11.68 per share,56,973 shares were sold. As a result of this transaction, Busse Brian now holds 604,905 shares worth roughly $6.92 million.

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Then, MCRAE MATTHEW BLAKE sold 119,900 shares, generating $1,308,133 in total proceeds. Upon selling the shares at $10.91, the CEO now owns 2,195,050 shares.

Before that, BINDER KURTIS JOSEPH sold 18,120 shares. Arlo Technologies Inc shares valued at $197,684 were divested by the CHIEF FINANCIAL OFFICER at a price of $10.91 per share. As a result of the transaction, BINDER KURTIS JOSEPH now holds 702,680 shares, worth roughly $8.04 million.

ROTH MKM initiated its Arlo Technologies Inc [ARLO] rating to a Buy in a research note published on October 31, 2023; the price target was $13. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Lake Street began covering ARLO with “Buy” recommendation on January 25, 2022. Raymond James revised its rating on July 29, 2020. It rated ARLO as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of ARLO

On Friday, Arlo Technologies Inc [NYSE:ARLO] saw its stock fall -17.88% to $11.44. Over the last five days, the stock has lost -11.73%. Arlo Technologies Inc shares have risen nearly 20.17% since the year began. Nevertheless, the stocks have risen 60.90% over the past one year. While a 52-week high of $14.27 was reached on 05/09/24, a 52-week low of $6.88 was recorded on 01/17/24. SMA at 50 days reached $11.90, while 200 days put it at $10.12. A total of 3.36 million shares were traded, compared to the trading of 1.82 million shares in the previous session.

Levels Of Support And Resistance For ARLO Stock

The 24-hour chart illustrates a support level at 10.70, which if violated will result in even more drops to 9.95. On the upside, there is a resistance level at 12.89. A further resistance level may holdings at 14.33. The Relative Strength Index (RSI) on the 14-day chart is 43.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.47%. Stochastics %K at 71.90% indicates the stock is a holding.

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