Netscout Systems Inc’s recently made public that its Director Perretta Christopher unloaded Company’s shares for reported $0.25 million on Aug 23 ’24. In the deal valued at $21.00 per share,11,905 shares were sold. As a result of this transaction, Perretta Christopher now holds 36,866 shares worth roughly $0.76 million.
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Then, Perretta Christopher bought 11,905 shares, generating $250,005 in total proceeds.
Before that, BUA JEAN A sold 19,205 shares. Netscout Systems Inc shares valued at $391,192 were divested by the insider at a price of $20.37 per share. As a result of the transaction, BUA JEAN A now holds 78,598 shares, worth roughly $1.63 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 -3.58% to $20.71. Over the last five days, the stock has lost -2.08%. Netscout Systems Inc shares have fallen nearly -5.65% since the year began. Nevertheless, the stocks have fallen -27.66% over the past one year. While a 52-week high of $28.94 was reached on 01/25/24, a 52-week low of $17.10 was recorded on 06/14/24. SMA at 50 days reached $19.29, while 200 days put it at $20.50.
Levels Of Support And Resistance For NTCT Stock
The 24-hour chart illustrates a support level at 20.45, which if violated will result in even more drops to 20.19. On the upside, there is a resistance level at 21.05. A further resistance level may holdings at 21.39. The Relative Strength Index (RSI) on the 14-day chart is 56.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.02%. Stochastics %K at 87.50% indicates the stock is a selling.
How much short interest is there in Netscout Systems Inc?
A steep rise in short interest was recorded in Netscout Systems Inc stocks on 2024-08-15, dropping by -0.43 million shares to a total of 1.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.47 million shares. There was a decline of -41.81%, which implies that there is a negative sentiment for the stock.
