In a filing, Netapp Inc revealed its President CERNUDA CESAR unloaded Company’s shares for reported $2.69 million on Sep 30 ’24. In the deal valued at $122.16 per share,22,000 shares were sold. As a result of this transaction, CERNUDA CESAR now holds 45,944 shares worth roughly $5.67 million.
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Then, CESAR CERNUDA bought 22,000 shares, generating $2,687,557 in total proceeds.
Before that, De Lorenzo Daniel sold 1,685 shares. Netapp Inc shares valued at $208,266 were divested by the VP, Controller & CAO at a price of $123.60 per share. As a result of the transaction, De Lorenzo Daniel now holds 0 shares, worth roughly $0.0.
Loop Capital upgraded its Netapp Inc [NTAP] rating to a Buy from a a Hold in a research note published on September 03, 2024; the price target was increased to $150 from $121. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late May from “an Underweight” to “a Neutral”. TD Cowen also remained covering NTAP and reiterated its “Buy” recommendation on May 31, 2024. Argus revised its rating on March 04, 2024. It rated NTAP as “a Buy” which previously was an “a Hold”.
Price Performance Review of NTAP
On Friday, Netapp Inc [NASDAQ:NTAP] saw its stock jump 0.55% to $123.39. Over the last five days, the stock has gained 1.77%. Netapp Inc shares have risen nearly 39.96% since the year began. Nevertheless, the stocks have risen 63.80% over the past one year. While a 52-week high of $135.01 was reached on 07/10/24, a 52-week low of $70.82 was recorded on 01/08/24. SMA at 50 days reached $122.86, while 200 days put it at $109.56.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 122.36, which if violated will result in even more drops to 121.32. On the upside, there is a resistance level at 124.17. A further resistance level may holdings at 124.94. The Relative Strength Index (RSI) on the 14-day chart is 53.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.44%. Stochastics %K at 75.79% indicates the stock is a holding.
How much short interest is there in Netapp Inc?
A steep rise in short interest was recorded in Netapp Inc stocks on 2024-09-13, growing by 0.18 million shares to a total of 6.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.29 million shares. There was a rise of 2.79%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 01, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $120.
