Extreme Networks Inc.’s recent filing unveils that its PRESIDENT AND CEO MEYERCORD EDWARD unloaded Company’s shares for reported $0.54 million on Sep 03 ’24. In the deal valued at $15.02 per share,35,725 shares were sold. As a result of this transaction, MEYERCORD EDWARD now holds 1,448,378 shares worth roughly $21.77 million.
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Then, EDWARD MEYERCORD bought 107,175 shares, generating $1,688,006 in total proceeds.
Before that, MEYERCORD EDWARD sold 30,000 shares. Extreme Networks Inc. shares valued at $439,119 were divested by the PRESIDENT AND CEO at a price of $14.64 per share. As a result of the transaction, MEYERCORD EDWARD now holds 1,448,378 shares, worth roughly $21.77 million.
Craig Hallum upgraded its Extreme Networks Inc. [EXTR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. B. Riley Securities also remained covering EXTR and has increased its forecast on April 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on February 01, 2024. It rated EXTR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EXTR
On Monday, Extreme Networks Inc. [NASDAQ:EXTR] saw its stock fall -0.46% to $15.03. Over the last five days, the stock has gained 0.33%. Extreme Networks Inc. shares have fallen nearly -14.80% since the year began. Nevertheless, the stocks have fallen -38.40% over the past one year. While a 52-week high of $25.51 was reached on 01/02/24, a 52-week low of $10.49 was recorded on 05/09/24. SMA at 50 days reached $14.38, while 200 days put it at $13.39.
Levels Of Support And Resistance For EXTR Stock
The 24-hour chart illustrates a support level at 14.90, which if violated will result in even more drops to 14.78. On the upside, there is a resistance level at 15.16. A further resistance level may holdings at 15.29. The Relative Strength Index (RSI) on the 14-day chart is 54.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.69%. Stochastics %K at 70.80% indicates the stock is a holding.
How much short interest is there in Extreme Networks Inc.?
A steep rise in short interest was recorded in Extreme Networks Inc. stocks on 2024-09-13, dropping by -0.26 million shares to a total of 7.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.26 million shares. There was a decline of -3.7%, which implies that there is a negative sentiment for the stock.
