Netflix Inc.’s recently made public that its Executive Chairman HASTINGS REED unloaded Company’s shares for reported $31.98 million on Oct 01 ’24. In the deal valued at $706.16 per share,45,290 shares were sold. As a result of this transaction, HASTINGS REED now holds 85 shares worth roughly $61174.50000000001.
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Then, HASTINGS REED bought 45,290 shares, generating $31,982,073 in total proceeds.
Before that, Peters Gregory K sold 4,392 shares. Netflix Inc. shares valued at $3,184,200 were divested by the Co-CEO at a price of $725.00 per share. As a result of the transaction, Peters Gregory K now holds 13,090 shares, worth roughly $9.42 million.
KeyBanc Capital Markets reiterated its Netflix Inc. [NFLX] rating to an Overweight in a research note published on October 01, 2024; the price target was $760. A number of analysts have revised their coverage, including China Renaissance’s analysts, who began to cover the stock in early September with a ‘”a Hold”‘ rating. Pivotal Research Group also remained covering NFLX and reiterated its “Buy” recommendation on August 30, 2024. Guggenheim maintained its rating on July 17, 2024. It rated NFLX as “a Buy”.
Price Performance Review of NFLX
On Friday, Netflix Inc. [NASDAQ:NFLX] saw its stock jump 1.83% to $719.70. Over the last five days, the stock has gained 1.75%. Netflix Inc. shares have risen nearly 47.82% since the year began. Nevertheless, the stocks have risen 90.95% 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 $675.45, while 200 days put it at $616.54.
Levels Of Support And Resistance For NFLX Stock
The 24-hour chart illustrates a support level at 712.01, which if violated will result in even more drops to 704.32. On the upside, there is a resistance level at 724.20. A further resistance level may holdings at 728.70. The Relative Strength Index (RSI) on the 14-day chart is 61.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.92%. Stochastics %K at 68.08% indicates the stock is a holding.
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 16, 2024 when The Benchmark Company resumed its ‘”a Sell”‘ rating for the stock and retained the price target to $545.
