Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Netapp Inc shares valued at $396,760 were purchased by Thomas Michael Nevens on Sep 18 ’24. At $119.04 per share, Thomas Michael Nevens acquired 3,333 shares.
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Also, Kurian George sold 8,500 shares, netting a total of over 993,115 in proceeds. Following the sale of shares at $116.84 each, the insider now holds 301,278 shares.
Before that, GEORGE KURIAN had added 8,500 shares to its account. In a trade valued at $993,130, the Officer bought Netapp Inc shares for $116.84 each.
As published in a research note from Loop Capital on September 03, 2024, Netapp Inc [NTAP] has been rated up from a Hold to a Buy and the price target has been revised to $150 from $121. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of May 31, 2024, TD Cowen has reiterated its “Buy” rating for NTAP. Earlier on March 04, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for NTAP stock which previously was a “a Hold”.
Analyzing NTAP Stock Performance
During the last five days, there has been a surge of approximately 3.20%. Over the course of the year, Netapp Inc shares have jumped approximately 35.38%. Shares of the company reached a 52-week high of $135.01 on 07/10/24 and a 52-week low of $83.62 on 01/08/24. A 50-day SMA is recorded $124.41, while a 200-day SMA reached $107.59. Nevertheless, trading volume fell to 1.2 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for Netapp Inc (NTAP)
According to the 24-hour chart, there is a support level at 118.45, which, if violated, would cause prices to drop to 117.55. In the upper region, resistance lies at 120.76. The next price resistance is at 122.17. RSI (Relative Strength Index) is 45.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.31, which suggests the price will increase in the coming days. Percent R is at 51.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
