Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arlo Technologies Inc shares valued at $84,766 were sold by BINDER KURTIS JOSEPH on Sep 30 ’24. At $11.94 per share, BINDER KURTIS JOSEPH sold 7,098 shares. The insider’s holdings dropped to 892,595 shares worth approximately $9.84 million following the completion of this transaction.
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Also, KURTIS BINDER purchased 7,098 shares, netting a total of over 83,969 in proceeds.
Before that, FAISON RALPH E had added 8,842 shares to its account. In a trade valued at $105,090, the Director bought Arlo Technologies Inc shares for $11.89 each. Upon closing the transaction, the insider’s holdings increased to 8,842 shares, worth approximately $4.25 million.
As published in their initiating research note from ROTH MKM on October 31, 2023, Arlo Technologies Inc [ARLO] has been a Buy and the price target has been revised to $13. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of January 25, 2022, Lake Street has initiated its “Buy” rating for ARLO. Earlier on July 29, 2020, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for ARLO stock which previously was a “a Mkt perform”.
Analyzing ARLO Stock Performance
During the last five days, there has been a drop of approximately -7.94%. Over the course of the year, Arlo Technologies Inc shares have jumped approximately 15.76%. Shares of the company reached a 52-week high of $17.64 on 07/16/24 and a 52-week low of $8.33 on 01/17/24. A 50-day SMA is recorded $12.33, while a 200-day SMA reached $11.81. Nevertheless, trading volume fell to 0.62 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for Arlo Technologies Inc (ARLO)
According to the 24-hour chart, there is a support level at 10.81, which, if violated, would cause prices to drop to 10.61. In the upper region, resistance lies at 11.39. The next price resistance is at 11.77. RSI (Relative Strength Index) is 36.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 96.99%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
