Netapp Inc’s recently made public that its Officer GEORGE KURIAN acquired Company’s shares for reported $1.1 million on Aug 19 ’24. In the deal valued at $130.00 per share,8,500 shares were bought.
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Then, O’Callahan Elizabeth M sold 704 shares, generating $86,233 in total proceeds. Upon selling the shares at $122.49, the EVP, Chief Legal Officer now owns 11,182 shares.
Before that, ELIZABETH O’CALLAHAN bought 704 shares. Netapp Inc shares valued at $86,233 were divested by the Officer at a price of $122.49 per share.
JP Morgan upgraded its Netapp Inc [NTAP] rating to a Neutral from a an Underweight in a research note published on May 31, 2024; the price target was increased to $125 from $95. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late May has reiterated a ‘”a Buy”‘ rating for it. Argus also remained covering NTAP and has increased its forecast on March 04, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen maintained its rating on March 01, 2024. It rated NTAP as “an Outperform”.
Price Performance Review of NTAP
On Monday, Netapp Inc [NASDAQ:NTAP] saw its stock jump 0.92% to $131.70. Over the last five days, the stock has gained 7.13%. Netapp Inc shares have risen nearly 49.39% since the year began. Nevertheless, the stocks have risen 75.53% over the past one year. While a 52-week high of $135.01 was reached on 07/10/24, a 52-week low of $70.82 was recorded on 01/08/24. SMA at 50 days reached $126.59, while 200 days put it at $102.94.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 130.21, which if violated will result in even more drops to 128.72. On the upside, there is a resistance level at 132.57. A further resistance level may holdings at 133.44. The Relative Strength Index (RSI) on the 14-day chart is 62.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.33%. Stochastics%K at 97.33% indicates the stock is a selling.
How much short interest is there in Netapp Inc?
A steep rise in short interest was recorded in Netapp Inc stocks on 2024-07-31, growing by 1.16 million shares to a total of 6.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.12 million shares. There was a rise of 18.44%, which implies that there is a positive sentiment for the stock.
