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Examining the Potential Price Growth of Extreme Networks Inc. (EXTR)

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Extreme Networks Inc.’s recently made public that its PRESIDENT AND CEO MEYERCORD EDWARD unloaded Company’s shares for reported $0.53 million on May 09 ’24. In the deal valued at $10.63 per share,50,000 shares were sold. As a result of this transaction, MEYERCORD EDWARD now holds 1,119,724 shares worth roughly $14.5 million.

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Then, MEYERCORD EDWARD sold 28,443 shares, generating $376,602 in total proceeds. Upon selling the shares at $13.24, the PRESIDENT AND CEO now owns 1,129,611 shares.

Before that, MEYERCORD EDWARD sold 28,443 shares. Extreme Networks Inc. shares valued at $464,164 were divested by the PRESIDENT AND CEO at a price of $16.32 per share. As a result of the transaction, MEYERCORD EDWARD now holds 1,129,611 shares, worth roughly $14.63 million.

Craig Hallum upgraded its Extreme Networks Inc. [EXTR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. B. Riley Securities also remained covering EXTR and has increased its forecast on April 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on February 01, 2024. It rated EXTR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of EXTR

On Tuesday, Extreme Networks Inc. [NASDAQ:EXTR] saw its stock fall -2.70% to $12.95. Over the last five days, the stock has lost -1.37%. Extreme Networks Inc. shares have fallen nearly -26.59% since the year began. Nevertheless, the stocks have fallen -52.41% over the past one year. While a 52-week high of $32.73 was reached on 01/02/24, a 52-week low of $10.49 was recorded on 05/09/24. SMA at 50 days reached $11.82, while 200 days put it at $14.97. A total of 1.64 million shares were traded, compared to the trading of 1.9 million shares in the previous session.

Levels Of Support And Resistance For EXTR Stock

The 24-hour chart illustrates a support level at 12.76, which if violated will result in even more drops to 12.56. On the upside, there is a resistance level at 13.23. A further resistance level may holdings at 13.50. The Relative Strength Index (RSI) on the 14-day chart is 59.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.37%. Stochastics%K at 69.88% indicates the stock is a holding.

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