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Netscout Systems Inc (NTCT) receives a Neutral rating from Piper Sandler

In a filing, Netscout Systems Inc revealed its Chief Operating Officer SZABADOS MICHAEL unloaded Company’s shares for reported $0.1 million on May 14 ’24. In the deal valued at $20.41 per share,5,000 shares were sold. As a result of this transaction, SZABADOS MICHAEL now holds 21,084 shares worth roughly $0.38 million.

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Then, DOWNING JOHN sold 3,000 shares, generating $65,790 in total proceeds. Upon selling the shares at $21.93, the EVP, World-Wide Sales now owns 111,115 shares.

Before that, SZABADOS MICHAEL sold 5,000 shares. Netscout Systems Inc shares valued at $110,664 were divested by the Chief Operating Officer at a price of $22.13 per share. As a result of the transaction, SZABADOS MICHAEL now holds 26,084 shares, worth roughly $0.47 million.

Piper Sandler upgraded its Netscout Systems Inc [NTCT] rating to a Neutral from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late May from “a Neutral” to “an Underweight”. Lake Street also remained covering NTCT and has decreased its forecast on October 30, 2020 with a “Hold” recommendation from previously “Buy” rating. Piper Sandler revised its rating on October 29, 2020. It rated NTCT as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of NTCT

On Tuesday, Netscout Systems Inc [NASDAQ:NTCT] saw its stock fall -3.76% to $17.94. Over the last five days, the stock has lost -3.13%. Netscout Systems Inc shares have fallen nearly -18.27% since the year began. Nevertheless, the stocks have fallen -40.95% over the past one year. While a 52-week high of $31.04 was reached on 01/25/24, a 52-week low of $17.10 was recorded on 06/14/24. SMA at 50 days reached $19.48, while 200 days put it at $21.44. A total of 0.36 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For NTCT Stock

The 24-hour chart illustrates a support level at 17.70, which if violated will result in even more drops to 17.45. On the upside, there is a resistance level at 18.40. A further resistance level may holdings at 18.85. The Relative Strength Index (RSI) on the 14-day chart is 38.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.47%. Stochastics%K at 54.40% indicates the stock is a holding.

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