Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Arista Networks Inc shares valued at $7,893,865 were sold by Duda Kenneth on Oct 07 ’24. At $394.69 per share, Duda Kenneth sold 20,000 shares. The insider’s holdings dropped to 3,244 shares worth approximately $1.32 million following the completion of this transaction.
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Also, Duda Kenneth sold 20,000 shares, netting a total of over 7,893,864 in proceeds. Following the sale of shares at $394.69 each, the insider now holds 178,600 shares.
Before that, Kenneth Duda had added 80,000 shares to its account. In a trade valued at $31,520,000, the Officer bought Arista Networks Inc shares for $394.00 each.
As published in a research note from Citigroup on June 27, 2024, Arista Networks Inc [ANET] has been retained to a Buy and the price target has been revised to $385. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of April 12, 2024, Rosenblatt has decreased its “Buy” rating to a “Sell” for ANET. Earlier on January 08, 2024, Melius upgraded its rating. Their new recommendation was “a Buy” for ANET stock which previously was a “a Hold”.
Analyzing ANET Stock Performance
During the last five days, there has been a drop of approximately -0.58%. Over the course of the year, Arista Networks Inc shares have jumped approximately 72.98%. Shares of the company reached a 52-week high of $422.73 on 10/14/24 and a 52-week low of $226.60 on 01/04/24. A 50-day SMA is recorded $365.55, while a 200-day SMA reached $312.33. Nevertheless, trading volume fell to 1.32 million shares from 1.71 million shares the previous day.
Support And Resistance Levels for Arista Networks Inc (ANET)
According to the 24-hour chart, there is a support level at 404.47, which, if violated, would cause prices to drop to 401.56. In the upper region, resistance lies at 413.15. The next price resistance is at 418.92. RSI (Relative Strength Index) is 62.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.86, which suggests the price will increase in the coming days. Percent R is at 33.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
