Netflix Inc.’s recently made public that its Director KILGORE LESLIE J unloaded Company’s shares for reported $0.28 million on Oct 10 ’24. In the deal valued at $730.00 per share,383 shares were sold. As a result of this transaction, KILGORE LESLIE J now holds 35,262 shares worth roughly $25.49 million.
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Then, KILGORE LESLIE J bought 383 shares, generating $279,590 in total proceeds.
Before that, HASTINGS REED sold 45,290 shares. Netflix Inc. shares valued at $31,982,073 were divested by the Executive Chairman at a price of $706.16 per share. As a result of the transaction, HASTINGS REED now holds 85 shares, worth roughly $61437.149999999994.
Guggenheim reiterated its Netflix Inc. [NFLX] rating to a Buy in a research note published on October 11, 2024; the price target was $810. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early October has reiterated a ‘”an Outperform”‘ rating for it. Morgan Stanley also remained covering NFLX and reiterated its “an Overweight” recommendation on October 10, 2024. Piper Sandler revised its rating on October 07, 2024. It rated NFLX as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of NFLX
On Friday, Netflix Inc. [NASDAQ:NFLX] saw its stock fall -1.03% to $722.79. Over the last five days, the stock has gained 0.43%. Netflix Inc. shares have risen nearly 48.45% since the year began. Nevertheless, the stocks have risen 97.52% over the past one year. While a 52-week high of $733.85 was reached on 10/11/24, a 52-week low of $344.73 was recorded on 01/02/24. SMA at 50 days reached $684.85, while 200 days put it at $622.29.
Levels Of Support And Resistance For NFLX Stock
The 24-hour chart illustrates a support level at 717.34, which if violated will result in even more drops to 711.89. On the upside, there is a resistance level at 732.12. A further resistance level may holdings at 741.45. The Relative Strength Index (RSI) on the 14-day chart is 58.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.38%. Stochastics %K at 84.50% indicates the stock is a selling.
How much short interest is there in Netflix Inc.?
A steep rise in short interest was recorded in Netflix Inc. stocks on 2024-09-30, dropping by -0.85 million shares to a total of 7.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.07 million shares. There was a decline of -11.82%, which implies that there is a negative sentiment for the stock.
