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Netgear Inc [NTGR] Director makes an insider purchase of 7,032 shares worth 93948.0.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Netgear Inc shares valued at $93,948 were sold by Goli Shravan on Jun 04 ’24. At $13.36 per share, Goli Shravan sold 7,032 shares. The insider’s holdings dropped to 36,281 shares worth approximately $0.53 million following the completion of this transaction.

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Also, Butterfass Sarah sold 5,626 shares, netting a total of over 75,163 in proceeds. Following the sale of shares at $13.36 each, the insider now holds 40,744 shares.

Before that, Cormack Heidi had sold 4,687 shares from its account. In a trade valued at $63,368, the Chief Marketing Officer traded Netgear Inc shares for $13.52 each. Upon closing the transaction, the insider’s holdings decreased to 4,687 shares, worth approximately $1.23 million.

As published in a research note from BWS Financial on May 02, 2024, Netgear Inc [NTGR] has been rated down from a Buy to a Neutral. Analysts at BWS Financial upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of October 28, 2021, BWS Financial has decreased its “Buy” rating to a “Neutral” for NTGR.

Analyzing NTGR Stock Performance

During the last five days, there has been a drop of approximately -0.81%. Over the course of the year, Netgear Inc shares have jumped approximately 1.03%. Shares of the company reached a 52-week high of $15.93 on 04/01/24 and a 52-week low of $10.48 on 05/02/24. A 50-day SMA is recorded $13.77, while a 200-day SMA reached $13.76. Nevertheless, trading volume fell to 89680.0 shares from 0.16 million shares the previous day.

Support And Resistance Levels for Netgear Inc (NTGR)

According to the 24-hour chart, there is a support level at 14.62, which, if violated, would cause prices to drop to 14.49. In the upper region, resistance lies at 14.85. The next price resistance is at 14.96. RSI (Relative Strength Index) is 54.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 56.03%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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