The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Netflix Inc. shares valued at $3,149,900 were sold by Peters Gregory K on May 21 ’24. At $650.00 per share, Peters Gregory K sold 4,846 shares. The insider’s holdings dropped to 13,090 shares worth approximately $8.38 million following the completion of this transaction.
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Also, Neumann Spencer Adam sold 564 shares, netting a total of over 345,777 in proceeds. Following the sale of shares at $613.08 each, the insider now holds 0 shares.
Before that, Sweeney Anne M had sold 3,029 shares from its account. In a trade valued at $1,756,820, the Director traded Netflix Inc. shares for $580.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,029 shares, worth approximately $0.0.
As published in a research note from Needham on April 19, 2024, Netflix Inc. [NFLX] has been rated up from a Hold to a Buy and the price target has been revised to $700. Analysts at Pivotal Research Group resumed the stock at ‘”a Buy”‘ outlook in a report released in mid April. As of April 19, 2024, Canaccord Genuity has decreased its “Buy” rating to a “Hold” for NFLX. Earlier on April 15, 2024, Deutsche Bank resumed its rating. Their recommendation was “a Hold” for NFLX stock.
Analyzing NFLX Stock Performance
During the last five days, there has been a surge of approximately 4.39%. Over the course of the year, Netflix Inc. shares have jumped approximately 31.55%. Shares of the company reached a 52-week high of $650.88 on 05/21/24 and a 52-week low of $461.86 on 01/02/24. A 50-day SMA is recorded $606.37, while a 200-day SMA reached $502.59. Nevertheless, trading volume fell to 2.15 million shares from 2.92 million shares the previous day.
Support And Resistance Levels for Netflix Inc. (NFLX)
According to the 24-hour chart, there is a support level at 635.98, which, if violated, would cause prices to drop to 631.48. In the upper region, resistance lies at 647.11. The next price resistance is at 653.74. RSI (Relative Strength Index) is 64.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 28.11, which suggests the price will increase in the coming days. Percent R is at 12.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
