The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Netflix Inc shares valued at $8,405,827 were sold by HALEY TIMOTHY M on Nov 05 ’24. At $757.96 per share, HALEY TIMOTHY M sold 11,090 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, SARANDOS THEODORE A sold 1,278 shares, netting a total of over 980,284 in proceeds. Following the sale of shares at $767.05 each, the insider now holds 2,556 shares.
Before that, Neumann Spencer Adam had sold 433 shares from its account. In a trade valued at $334,320, the Chief Financial Officer traded Netflix Inc shares for $772.10 each. Upon closing the transaction, the insider’s holdings decreased to 433 shares, worth approximately $0.0.
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 3.51%. Over the course of the year, Netflix Inc shares have jumped approximately 60.25%. Shares of the company reached a 52-week high of $781.49 on 11/06/24 and a 52-week low of $461.86 on 01/02/24. A 50-day SMA is recorded $717.24, while a 200-day SMA reached $646.03. Nevertheless, trading volume fell to 3.65 million shares from 2.2 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 764.56, which, if violated, would cause prices to drop to 748.92. In the upper region, resistance lies at 788.67. The next price resistance is at 797.14. RSI (Relative Strength Index) is 66.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.06, which suggests the price will increase in the coming days. Percent R is at 2.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
