Arlo Technologies Inc’s recently made public that its CHIEF FINANCIAL OFFICER BINDER KURTIS JOSEPH unloaded Company’s shares for reported $84766.0 on Sep 30 ’24. In the deal valued at $11.94 per share,7,098 shares were sold. As a result of this transaction, BINDER KURTIS JOSEPH now holds 892,595 shares worth roughly $10.34 million.
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Then, KURTIS BINDER bought 7,098 shares, generating $83,969 in total proceeds.
Before that, FAISON RALPH E bought 8,842 shares. Arlo Technologies Inc shares valued at $105,090 were divested by the Director at a price of $11.89 per share. As a result of the transaction, FAISON RALPH E now holds 385,599 shares, worth roughly $4.47 million.
ROTH MKM initiated its Arlo Technologies Inc [ARLO] rating to a Buy in a research note published on October 31, 2023; the price target was $13. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Lake Street began covering ARLO with “Buy” recommendation on January 25, 2022. Raymond James revised its rating on July 29, 2020. It rated ARLO as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ARLO
On Friday, Arlo Technologies Inc [NYSE:ARLO] saw its stock fall -2.20% to $11.58. Over the last five days, the stock has gained 4.61%. Arlo Technologies Inc shares have risen nearly 21.64% since the year began. Nevertheless, the stocks have risen 35.92% over the past one year. While a 52-week high of $17.64 was reached on 07/16/24, a 52-week low of $7.77 was recorded on 01/17/24. SMA at 50 days reached $11.68, while 200 days put it at $11.91.
Levels Of Support And Resistance For ARLO Stock
The 24-hour chart illustrates a support level at 11.43, which if violated will result in even more drops to 11.28. On the upside, there is a resistance level at 11.83. A further resistance level may holdings at 12.09. The Relative Strength Index (RSI) on the 14-day chart is 49.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.23%. Stochastics %K at 75.00% indicates the stock is a holding.
How much short interest is there in Arlo Technologies Inc?
A steep rise in short interest was recorded in Arlo Technologies Inc stocks on 2024-09-30, dropping by -0.18 million shares to a total of 5.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.98 million shares. There was a decline of -3.12%, which implies that there is a negative sentiment for the stock.
