Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Netflix Inc. shares valued at $279,590 were sold by KILGORE LESLIE J on Oct 10 ’24. At $730.00 per share, KILGORE LESLIE J sold 383 shares. The insider’s holdings dropped to 35,262 shares worth approximately $24.75 million following the completion of this transaction.
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Also, KILGORE LESLIE J purchased 383 shares, netting a total of over 279,590 in proceeds.
Before that, HASTINGS REED had sold 45,290 shares from its account. In a trade valued at $31,982,073, the Executive Chairman traded Netflix Inc. shares for $706.16 each. Upon closing the transaction, the insider’s holdings decreased to 45,290 shares, worth approximately $59670.0.
As published in a research note from Loop Capital on October 16, 2024, Netflix Inc. [NFLX] has been retained to a Buy and the price target has been revised to $800. Analysts at Guggenheim resumed the stock at ‘”a Buy”‘ outlook in a report released in mid October. As of October 10, 2024, Oppenheimer has reiterated its “an Outperform” rating for NFLX. Earlier on October 10, 2024, Morgan Stanley resumed its rating. Their recommendation was “an Overweight” for NFLX stock.
Analyzing NFLX Stock Performance
During the last five days, there has been a drop of approximately -3.50%. Over the course of the year, Netflix Inc. shares have jumped approximately 44.18%. Shares of the company reached a 52-week high of $736.00 on 10/11/24 and a 52-week low of $461.86 on 01/02/24. A 50-day SMA is recorded $690.83, while a 200-day SMA reached $625.55. Nevertheless, trading volume fell to 2.47 million shares from 2.93 million shares the previous day.
Support And Resistance Levels for Netflix Inc. (NFLX)
According to the 24-hour chart, there is a support level at 698.02, which, if violated, would cause prices to drop to 694.03. In the upper region, resistance lies at 705.79. The next price resistance is at 709.57. RSI (Relative Strength Index) is 48.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.26, which suggests the price will decrease in the coming days. Percent R is at 85.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
