Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Netapp Inc shares valued at $88,971 were sold by O’Callahan Elizabeth M on Oct 10 ’24. At $126.20 per share, O’Callahan Elizabeth M sold 705 shares. The insider’s holdings dropped to 11,694 shares worth approximately $1.47 million following the completion of this transaction.
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Also, ELIZABETH O’CALLAHAN purchased 705 shares, netting a total of over 88,971 in proceeds.
Before that, CERNUDA CESAR had sold 22,000 shares from its account. In a trade valued at $2,687,528, the President traded Netapp Inc shares for $122.16 each. Upon closing the transaction, the insider’s holdings decreased to 22,000 shares, worth approximately $5.78 million.
As published in a research note from Loop Capital on September 03, 2024, Netapp Inc [NTAP] has been rated up from a Hold to a Buy and the price target has been revised to $150 from $121. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of May 31, 2024, TD Cowen has reiterated its “Buy” rating for NTAP. Earlier on March 04, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for NTAP stock which previously was a “a Hold”.
Analyzing NTAP Stock Performance
During the last five days, there has been a drop of approximately -1.10%. Over the course of the year, Netapp Inc shares have jumped approximately 42.78%. Shares of the company reached a 52-week high of $135.01 on 07/10/24 and a 52-week low of $83.62 on 01/08/24. A 50-day SMA is recorded $123.52, while a 200-day SMA reached $111.03. Nevertheless, trading volume fell to 0.87 million shares from 1.21 million shares the previous day.
Support And Resistance Levels for Netapp Inc (NTAP)
According to the 24-hour chart, there is a support level at 125.36, which, if violated, would cause prices to drop to 124.85. In the upper region, resistance lies at 126.46. The next price resistance is at 127.04. RSI (Relative Strength Index) is 55.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.55, which suggests the price will increase in the coming days. Percent R is at 32.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
