Netflix Inc.’s recently made public that its Director BARTON RICHARD N acquired Company’s shares for reported $4.31 million on Oct 25 ’24. In the deal valued at $756.00 per share,5,698 shares were bought.
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Then, KILGORE LESLIE J sold 358 shares, generating $273,870 in total proceeds. Upon selling the shares at $765.00, the Director now owns 35,262 shares.
Before that, Peters Gregory K sold 4,186 shares. Netflix Inc. shares valued at $3,139,500 were divested by the Co-CEO at a price of $750.00 per share. As a result of the transaction, Peters Gregory K now holds 13,090 shares, worth roughly $9.88 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 0.02% to $754.68. Over the last five days, the stock has lost -1.21%. Netflix Inc. shares have risen nearly 55.00% since the year began. Nevertheless, the stocks have risen 83.51% over the past one year. While a 52-week high of $773.00 was reached on 10/21/24, a 52-week low of $395.62 was recorded on 01/02/24. SMA at 50 days reached $706.13, while 200 days put it at $635.12.
Levels Of Support And Resistance For NFLX Stock
The 24-hour chart illustrates a support level at 749.31, which if violated will result in even more drops to 743.93. On the upside, there is a resistance level at 764.28. A further resistance level may holdings at 773.87. The Relative Strength Index (RSI) on the 14-day chart is 60.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.26%. Stochastics %K at 78.81% 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 2024-10-15, dropping by -0.72 million shares to a total of 7.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.89 million shares. There was a decline of -10.06%, 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.
