In a filing, Arlo Technologies Inc revealed its Director Rothstein Amy M unloaded Company’s shares for reported $0.33 million on Jun 13 ’24. In the deal valued at $13.37 per share,25,000 shares were sold. As a result of this transaction, Rothstein Amy M now holds 76,271 shares worth roughly $1.0 million.
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Then, Busse Brian sold 56,973 shares, generating $665,445 in total proceeds. Upon selling the shares at $11.68, the GENERAL COUNSEL now owns 604,905 shares.
Before that, MCRAE MATTHEW BLAKE sold 119,900 shares. Arlo Technologies Inc shares valued at $1,308,133 were divested by the CEO at a price of $10.91 per share. As a result of the transaction, MCRAE MATTHEW BLAKE now holds 2,195,050 shares, worth roughly $28.71 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 -0.98% to $13.08. Over the last five days, the stock has lost -0.53%. Arlo Technologies Inc shares have risen nearly 37.39% since the year began. Nevertheless, the stocks have risen 41.25% over the past one year. While a 52-week high of $14.52 was reached on 06/03/24, a 52-week low of $7.77 was recorded on 01/17/24. SMA at 50 days reached $12.50, while 200 days put it at $10.48. A total of 2.4 million shares were traded, compared to the trading of 0.89 million shares in the previous session.
Levels Of Support And Resistance For ARLO Stock
The 24-hour chart illustrates a support level at 12.98, which if violated will result in even more drops to 12.87. On the upside, there is a resistance level at 13.27. A further resistance level may holdings at 13.46. The Relative Strength Index (RSI) on the 14-day chart is 50.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.13%. Stochastics %K at 24.17% indicates the stock is a holding.
