In a filing, Confluent Inc revealed its Chief Accounting Officer Phan Kong unloaded Company’s shares for reported $3823.0 on Sep 20 ’24. In the deal valued at $20.12 per share,190 shares were sold. As a result of this transaction, Phan Kong now holds 124,652 shares worth roughly $2.82 million.
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Then, Kreps Edward Jay sold 232,500 shares, generating $4,647,675 in total proceeds. Upon selling the shares at $19.99, the CHIEF EXECUTIVE OFFICER now owns 452,488 shares.
Before that, EDWARD JAY KREPS bought 232,500 shares. Confluent Inc shares valued at $4,736,025 were divested by the Officer at a price of $20.37 per share.
Robert W. Baird initiated its Confluent Inc [CFLT] rating to a Neutral in a research note published on September 04, 2024; the price target was $23. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Overweight”. Evercore ISI began covering CFLT with “an Outperform” recommendation on June 11, 2024. Oppenheimer started covering the stock on May 17, 2024. It rated CFLT as “an Outperform”.
Price Performance Review of CFLT
On Monday, Confluent Inc [NASDAQ:CFLT] saw its stock jump 0.31% to $22.60. Over the last five days, the stock has gained 1.94%. Confluent Inc shares have fallen nearly -3.42% since the year began. Nevertheless, the stocks have fallen -16.23% over the past one year. While a 52-week high of $35.07 was reached on 03/04/24, a 52-week low of $14.69 was recorded on 08/05/24. SMA at 50 days reached $20.81, while 200 days put it at $26.07.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 22.37, which if violated will result in even more drops to 22.14. On the upside, there is a resistance level at 22.97. A further resistance level may holdings at 23.34. The Relative Strength Index (RSI) on the 14-day chart is 60.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.99%. Stochastics %K at 79.10% indicates the stock is a holding.
How much short interest is there in Confluent Inc?
A steep rise in short interest was recorded in Confluent Inc stocks on 2024-10-15, growing by 1.43 million shares to a total of 20.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 18.63 million shares. There was a rise of 7.11%, which implies that there is a positive sentiment for the stock.
