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 $273,870 were sold by KILGORE LESLIE J on Oct 18 ’24. At $765.00 per share, KILGORE LESLIE J sold 358 shares. The insider’s holdings dropped to 35,262 shares worth approximately $26.42 million following the completion of this transaction.
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Also, Peters Gregory K sold 4,186 shares, netting a total of over 3,139,500 in proceeds. Following the sale of shares at $750.00 each, the insider now holds 13,090 shares.
Before that, Peters Gregory K had added 4,186 shares to its account. In a trade valued at $3,139,500, the Officer bought Netflix Inc. shares for $750.00 each.
As published in a research note from Pivotal Research Group on October 18, 2024, Netflix Inc. [NFLX] has been retained to a Buy and the price target has been revised to $925. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid October. As of October 18, 2024, Needham has reiterated its “Buy” rating for NFLX. Earlier on October 16, 2024, Loop Capital resumed its rating. Their recommendation was “a Buy” for NFLX stock.
Analyzing NFLX Stock Performance
During the last five days, there has been a surge of approximately 6.74%. Over the course of the year, Netflix Inc. shares have jumped approximately 53.90%. Shares of the company reached a 52-week high of $773.00 on 10/21/24 and a 52-week low of $461.86 on 01/02/24. A 50-day SMA is recorded $702.44, while a 200-day SMA reached $632.37. Nevertheless, trading volume fell to 3.75 million shares from 2.99 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 741.10, which, if violated, would cause prices to drop to 732.92. In the upper region, resistance lies at 760.63. The next price resistance is at 771.98. RSI (Relative Strength Index) is 59.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 34.58, which suggests the price will increase in the coming days. Percent R is at 24.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
