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 $4,307,688 were sold by BARTON RICHARD N on Oct 25 ’24. At $756.00 per share, BARTON RICHARD N sold 5,698 shares. The insider’s holdings dropped to 246 shares worth approximately $0.19 million following the completion of this transaction.
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Also, BARTON RICHARD N purchased 5,698 shares, netting a total of over 4,307,688 in proceeds.
Before that, KILGORE LESLIE J had sold 358 shares from its account. In a trade valued at $273,870, the Director traded Netflix Inc. shares for $765.00 each. Upon closing the transaction, the insider’s holdings decreased to 358 shares, worth approximately $26.58 million.
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 0.59%. Over the course of the year, Netflix Inc. shares have jumped approximately 54.81%. 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 $710.15, while a 200-day SMA reached $639.10. Nevertheless, trading volume fell to 1.71 million shares from 3.66 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 750.75, which, if violated, would cause prices to drop to 747.76. In the upper region, resistance lies at 758.26. The next price resistance is at 762.78. RSI (Relative Strength Index) is 58.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.64, which suggests the price will increase in the coming days. Percent R is at 20.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
