In a filing, Netapp Inc revealed its CEO Kurian George unloaded 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 sold. As a result of this transaction, Kurian George now holds 309,778 shares worth roughly $37.4 million.
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Then, GEORGE KURIAN bought 8,500 shares, generating $1,104,990 in total proceeds.
Before that, O’Callahan Elizabeth M sold 704 shares. Netapp Inc shares valued at $86,233 were divested by the EVP, Chief Legal Officer at a price of $122.49 per share. As a result of the transaction, O’Callahan Elizabeth M now holds 11,182 shares, worth roughly $1.35 million.
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 Friday, Netapp Inc [NASDAQ:NTAP] saw its stock jump 1.28% to $120.72. Over the last five days, the stock has lost -9.31%. Netapp Inc shares have risen nearly 36.93% since the year began. Nevertheless, the stocks have risen 57.95% 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 $127.32, while 200 days put it at $105.37.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 118.97, which if violated will result in even more drops to 117.22. On the upside, there is a resistance level at 121.79. A further resistance level may holdings at 122.86. The Relative Strength Index (RSI) on the 14-day chart is 39.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.89%. Stochastics %K at 33.47% indicates the stock is a holding.
How much short interest is there in Netapp Inc?
A steep rise in short interest was recorded in Netapp Inc stocks on 2024-08-15, growing by 0.58 million shares to a total of 6.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.71 million shares. There was a rise of 9.19%, which implies that there is a positive sentiment for the stock.
