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NAPCO Security Technologies Inc (NSSC) gets rating Initiated from TD Cowen

NAPCO Security Technologies Inc’s recently made public that its Director BEEBER PAUL STEPHEN unloaded Company’s shares for reported $44754.0 on Jun 18 ’24. In the deal valued at $52.04 per share,860 shares were sold. As a result of this transaction, BEEBER PAUL STEPHEN now holds 2,540 shares worth roughly $0.13 million.

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Then, SOLOWAY RICHARD sold 250,000 shares, generating $11,050,450 in total proceeds. Upon selling the shares at $44.20, the CEO, Chairman, Secy now owns 1,406,010 shares.

Before that, SOLOWAY RICHARD sold 50,000 shares. NAPCO Security Technologies Inc shares valued at $2,037,500 were divested by the Pres, CEO, Chairman, Secy at a price of $40.75 per share. As a result of the transaction, SOLOWAY RICHARD now holds 1,656,010 shares, worth roughly $83.55 million.

TD Cowen initiated its NAPCO Security Technologies Inc [NSSC] rating to a Buy in a research note published on May 28, 2024; the price target was $60. DA Davidson began covering NSSC with “Buy” recommendation on April 26, 2024. Imperial Capital revised its rating on February 06, 2024. It rated NSSC as “an In-line” which previously was an “an Outperform”.

Price Performance Review of NSSC

On Friday, NAPCO Security Technologies Inc [NASDAQ:NSSC] saw its stock jump 0.82% to $50.45. Over the last five days, the stock has lost -4.78%. NAPCO Security Technologies Inc shares have risen nearly 47.30% since the year began. Nevertheless, the stocks have risen 38.98% over the past one year. While a 52-week high of $53.59 was reached on 06/18/24, a 52-week low of $17.76 was recorded on 01/16/24. SMA at 50 days reached $46.13, while 200 days put it at $35.55. A total of 0.63 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For NSSC Stock

The 24-hour chart illustrates a support level at 49.58, which if violated will result in even more drops to 48.70. On the upside, there is a resistance level at 50.95. A further resistance level may holdings at 51.44. The Relative Strength Index (RSI) on the 14-day chart is 53.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.13%. Stochastics %K at 55.33% indicates the stock is a holding.

The most recent change occurred on August 30, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $32.

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