Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Netscout Systems Inc shares valued at $102,055 were sold by SZABADOS MICHAEL on May 14 ’24. At $20.41 per share, SZABADOS MICHAEL sold 5,000 shares. The insider’s holdings dropped to 21,084 shares worth approximately $0.4 million following the completion of this transaction.
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Also, DOWNING JOHN sold 3,000 shares, netting a total of over 65,790 in proceeds. Following the sale of shares at $21.93 each, the insider now holds 111,115 shares.
Before that, SZABADOS MICHAEL had sold 5,000 shares from its account. In a trade valued at $110,664, the Chief Operating Officer traded Netscout Systems Inc shares for $22.13 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $0.49 million.
As published in a research note from Piper Sandler on May 05, 2023, Netscout Systems Inc [NTCT] has been rated up from an Underweight to a Neutral and the price target has been revised to $30. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late May. As of October 30, 2020, Lake Street has decreased its “Buy” rating to a “Hold” for NTCT. Earlier on October 29, 2020, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for NTCT stock which previously was a “an Underweight”.
Analyzing NTCT Stock Performance
During the last five days, there has been a drop of approximately -8.60%. Over the course of the year, Netscout Systems Inc shares have dropped approximately -13.80%. Shares of the company reached a 52-week high of $24.42 on 01/25/24 and a 52-week low of $18.60 on 05/09/24. A 50-day SMA is recorded $20.23, while a 200-day SMA reached $22.45. Nevertheless, trading volume fell to 0.86 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Netscout Systems Inc (NTCT)
According to the 24-hour chart, there is a support level at 18.68, which, if violated, would cause prices to drop to 18.45. In the upper region, resistance lies at 19.24. The next price resistance is at 19.57. RSI (Relative Strength Index) is 33.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.29, which suggests the price will decrease in the coming days. Percent R is at 94.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
