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BWS Financial gives a Neutral recommendation for Netgear Inc (NTGR)

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Netgear Inc’s filing revealed that its Director WAECHTER THOMAS H unloaded Company’s shares for reported $50000.0 on Sep 12 ’24. In the deal valued at $20.00 per share,2,500 shares were sold. As a result of this transaction, WAECHTER THOMAS H now holds 65,318 shares worth roughly $1.49 million.

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Then, HEIDI B CORMACK bought 4,688 shares, generating $68,134 in total proceeds.

Before that, MICHAEL WERDANN bought 2,993 shares. Netgear Inc shares valued at $51,076 were divested by the Officer at a price of $17.07 per share.

BWS Financial downgraded its Netgear Inc [NTGR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BWS Financial’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. BWS Financial also remained covering NTGR and has decreased its forecast on October 28, 2021 with a “Neutral” recommendation from previously “Buy” rating.

Price Performance Review of NTGR

On Friday, Netgear Inc [NASDAQ:NTGR] saw its stock jump 3.92% to $22.78. Over the last five days, the stock has gained 12.66%. Netgear Inc shares have risen nearly 56.24% since the year began. Nevertheless, the stocks have risen 88.26% over the past one year. While a 52-week high of $22.62 was reached on 11/01/24, a 52-week low of $10.48 was recorded on 05/02/24. SMA at 50 days reached $19.45, while 200 days put it at $15.76.

Levels Of Support And Resistance For NTGR Stock

The 24-hour chart illustrates a support level at 21.81, which if violated will result in even more drops to 20.83. On the upside, there is a resistance level at 23.43. A further resistance level may holdings at 24.07. The Relative Strength Index (RSI) on the 14-day chart is 69.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.22%. Stochastics %K at 69.67% indicates the stock is a holding.

How much short interest is there in Netgear Inc?

A steep rise in short interest was recorded in Netgear Inc stocks on 2024-10-15, dropping by -0.24 million shares to a total of 0.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.98 million shares. There was a decline of -33.54%, which implies that there is a negative sentiment for the stock.

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