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An Analysis of Netflix Inc. (NFLX)’s Potential Price Growth

In a filing, Netflix Inc. revealed its Officer Peters Gregory K acquired Company’s shares for reported $3.14 million on Oct 18 ’24. In the deal valued at $750.00 per share,4,186 shares were bought.

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Then, KILGORE LESLIE J bought 358 shares, generating $273,870 in total proceeds.

Before that, KILGORE LESLIE J sold 383 shares. Netflix Inc. shares valued at $279,590 were divested by the Director at a price of $730.00 per share. As a result of the transaction, KILGORE LESLIE J now holds 35,262 shares, worth roughly $26.94 million.

Pivotal Research Group reiterated its Netflix Inc. [NFLX] rating to a Buy in a research note published on October 18, 2024; the price target was $925. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in mid October has reiterated a ‘”an Outperform”‘ rating for it. Needham also remained covering NFLX and reiterated its “Buy” recommendation on October 18, 2024. Loop Capital maintained its rating on October 16, 2024. It rated NFLX as “a Buy”.

Price Performance Review of NFLX

On Friday, Netflix Inc. [NASDAQ:NFLX] saw its stock jump 11.09% to $763.89. Over the last five days, the stock has gained 5.69%. Netflix Inc. shares have risen nearly 56.89% since the year began. Nevertheless, the stocks have risen 120.66% over the past one year. While a 52-week high of $736.00 was reached on 10/18/24, a 52-week low of $344.73 was recorded on 01/02/24. SMA at 50 days reached $695.03, while 200 days put it at $628.11.

Levels Of Support And Resistance For NFLX Stock

The 24-hour chart illustrates a support level at 744.65, which if violated will result in even more drops to 725.42. On the upside, there is a resistance level at 774.70. A further resistance level may holdings at 785.52. The Relative Strength Index (RSI) on the 14-day chart is 66.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.70%. Stochastics %K at 42.73% indicates the stock is a holding.

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.

The most recent change occurred on October 11, 2024 when Guggenheim resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $810.

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