Arista Networks Inc’s recently made public that its Director Giancarlo Charles H unloaded Company’s shares for reported $0.73 million on Sep 17 ’24. In the deal valued at $363.53 per share,2,000 shares were sold. As a result of this transaction, Giancarlo Charles H now holds 48,946 shares worth roughly $18.87 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Battles Kelly Bodnar sold 372 shares, generating $132,708 in total proceeds. Upon selling the shares at $356.74, the Director now owns 2,565 shares.
Before that, Charles Giancarlo bought 10,000 shares. Arista Networks Inc shares valued at $3,591,600 were divested by the Director at a price of $359.16 per share.
Citigroup reiterated its Arista Networks Inc [ANET] rating to a Buy in a research note published on June 27, 2024; the price target was $385. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. Rosenblatt also remained covering ANET and has decreased its forecast on April 12, 2024 with a “Sell” recommendation from previously “Buy” rating. Melius revised its rating on January 08, 2024. It rated ANET as “a Buy” which previously was an “a Hold”.
Price Performance Review of ANET
On Monday, Arista Networks Inc [NYSE:ANET] saw its stock jump 0.29% to $385.57. Over the last five days, the stock has gained 7.35%. Arista Networks Inc shares have risen nearly 63.72% since the year began. Nevertheless, the stocks have risen 116.78% over the past one year. While a 52-week high of $385.50 was reached on 09/23/24, a 52-week low of $168.25 was recorded on 01/04/24. SMA at 50 days reached $342.19, while 200 days put it at $297.53.
Levels Of Support And Resistance For ANET Stock
The 24-hour chart illustrates a support level at 382.10, which if violated will result in even more drops to 378.63. On the upside, there is a resistance level at 389.52. A further resistance level may holdings at 393.47. The Relative Strength Index (RSI) on the 14-day chart is 69.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 32.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.75%. Stochastics %K at 97.00% indicates the stock is a selling.
How much short interest is there in Arista Networks Inc?
A steep rise in short interest was recorded in Arista Networks Inc stocks on 2024-08-30, growing by 0.38 million shares to a total of 2.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.09 million shares. There was a rise of 15.48%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 14, 2023 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $300.
