In a filing, Netflix Inc. revealed its Co-CEO Peters Gregory K unloaded Company’s shares for reported $3.18 million on Sep 25 ’24. In the deal valued at $725.00 per share,4,392 shares were sold. As a result of this transaction, Peters Gregory K now holds 13,090 shares worth roughly $9.26 million.
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Then, KILGORE LESLIE J sold 426 shares, generating $306,720 in total proceeds. Upon selling the shares at $720.00, the Director now owns 35,262 shares.
Before that, KILGORE LESLIE J sold 402 shares. Netflix Inc. shares valued at $291,450 were divested by the Director at a price of $725.00 per share. As a result of the transaction, KILGORE LESLIE J now holds 35,262 shares, worth roughly $24.94 million.
China Renaissance initiated its Netflix Inc. [NFLX] rating to a Hold in a research note published on September 05, 2024; the price target was $680. A number of analysts have revised their coverage, including Pivotal Research Group’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Buy”‘ rating for it. Guggenheim also remained covering NFLX and reiterated its “Buy” recommendation on July 17, 2024. The Benchmark Company maintained its rating on July 16, 2024. It rated NFLX as “a Sell”.
Price Performance Review of NFLX
On Friday, Netflix Inc. [NASDAQ:NFLX] saw its stock fall -0.57% to $707.35. Over the last five days, the stock has gained 0.90%. Netflix Inc. shares have risen nearly 45.28% since the year began. Nevertheless, the stocks have risen 87.33% over the past one year. While a 52-week high of $725.26 was reached on 09/26/24, a 52-week low of $344.73 was recorded on 01/02/24. SMA at 50 days reached $668.26, while 200 days put it at $610.63.
Levels Of Support And Resistance For NFLX Stock
The 24-hour chart illustrates a support level at 702.16, which if violated will result in even more drops to 696.98. On the upside, there is a resistance level at 711.62. A further resistance level may holdings at 715.90. The Relative Strength Index (RSI) on the 14-day chart is 57.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.78%. Stochastics %K at 81.74% indicates the stock is a selling.
How much short interest is there in Netflix Inc.?
A steep rise in short interest was recorded in Netflix Inc. stocks on 2024-09-13, growing by 0.49 million shares to a total of 7.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.4 million shares. There was a rise of 6.25%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 15, 2024 when BofA Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $740.
