Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Extreme Networks Inc shares valued at $534,600 were sold by MEYERCORD EDWARD on Nov 01 ’24. At $14.96 per share, MEYERCORD EDWARD sold 35,725 shares. The insider’s holdings dropped to 1,448,378 shares worth approximately $23.83 million following the completion of this transaction.
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Also, Khanna Raj sold 10,000 shares, netting a total of over 165,252 in proceeds. Following the sale of shares at $16.53 each, the insider now holds 228,733 shares.
Before that, Khanna Raj had added 10,000 shares to its account. In a trade valued at $165,251, the Director bought Extreme Networks Inc shares for $16.53 each.
As published in a research note from Craig Hallum on May 16, 2024, Extreme Networks Inc [EXTR] has been rated up from a Hold to a Buy and the price target has been revised to $14. Analysts at Rosenblatt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of April 15, 2024, B. Riley Securities has increased its “Neutral” rating to a “Buy” for EXTR. Earlier on February 01, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for EXTR stock which previously was a “a Buy”.
Analyzing EXTR Stock Performance
During the last five days, there has been a surge of approximately 3.33%. Over the course of the year, Extreme Networks Inc shares have dropped approximately -6.75%. Shares of the company reached a 52-week high of $18.09 on 01/02/24 and a 52-week low of $10.49 on 05/09/24. A 50-day SMA is recorded $14.90, while a 200-day SMA reached $13.08. Nevertheless, trading volume fell to 2.61 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for Extreme Networks Inc (EXTR)
According to the 24-hour chart, there is a support level at 16.04, which, if violated, would cause prices to drop to 15.64. In the upper region, resistance lies at 16.72. The next price resistance is at 17.00. RSI (Relative Strength Index) is 65.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 19.23%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
