Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arista Networks Inc shares valued at $242,343 were sold by Taxay Marc on Oct 01 ’24. At $388.37 per share, Taxay Marc sold 624 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, McCool John F sold 580 shares, netting a total of over 225,255 in proceeds. Following the sale of shares at $388.37 each, the insider now holds 72 shares.
Before that, Giancarlo Charles H had sold 2,000 shares from its account. In a trade valued at $765,038, the Director traded Arista Networks Inc shares for $382.52 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $18.31 million.
As published in a research note from Citigroup on June 27, 2024, Arista Networks Inc [ANET] has been retained to a Buy and the price target has been revised to $385. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of April 12, 2024, Rosenblatt has decreased its “Buy” rating to a “Sell” for ANET. Earlier on January 08, 2024, Melius upgraded its rating. Their new recommendation was “a Buy” for ANET stock which previously was a “a Hold”.
Analyzing ANET Stock Performance
During the last five days, there has been a surge of approximately 0.99%. Over the course of the year, Arista Networks Inc shares have jumped approximately 65.64%. Shares of the company reached a 52-week high of $395.82 on 10/03/24 and a 52-week low of $226.60 on 01/04/24. A 50-day SMA is recorded $349.23, while a 200-day SMA reached $303.93. Nevertheless, trading volume fell to 1.13 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Arista Networks Inc (ANET)
According to the 24-hour chart, there is a support level at 386.53, which, if violated, would cause prices to drop to 382.94. In the upper region, resistance lies at 394.76. The next price resistance is at 399.40. RSI (Relative Strength Index) is 67.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.45, which suggests the price will increase in the coming days. Percent R is at 12.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
