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. Netapp Inc shares valued at $1,071,929 were sold by Kurian George on Oct 21 ’24. At $126.11 per share, Kurian George sold 8,500 shares. The insider’s holdings dropped to 292,778 shares worth approximately $35.46 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, GEORGE KURIAN purchased 8,500 shares, netting a total of over 1,071,905 in proceeds.
Before that, O’Callahan Elizabeth M had sold 705 shares from its account. In a trade valued at $88,971, the EVP, Chief Legal Officer traded Netapp Inc shares for $126.20 each. Upon closing the transaction, the insider’s holdings decreased to 705 shares, worth approximately $1.42 million.
As published in a research note from Loop Capital on September 03, 2024, Netapp Inc [NTAP] has been rated up from a Hold to a Buy and the price target has been revised to $150 from $121. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of May 31, 2024, TD Cowen has reiterated its “Buy” rating for NTAP. Earlier on March 04, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for NTAP stock which previously was a “a Hold”.
Analyzing NTAP Stock Performance
During the last five days, there has been a surge of approximately 2.00%. Over the course of the year, Netapp Inc shares have jumped approximately 37.40%. Shares of the company reached a 52-week high of $135.01 on 07/10/24 and a 52-week low of $83.62 on 01/08/24. A 50-day SMA is recorded $121.09, while a 200-day SMA reached $113.55. Nevertheless, trading volume fell to 2.24 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for Netapp Inc (NTAP)
According to the 24-hour chart, there is a support level at 119.47, which, if violated, would cause prices to drop to 117.82. In the upper region, resistance lies at 122.14. The next price resistance is at 123.16. RSI (Relative Strength Index) is 50.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.96, which suggests the price will decrease in the coming days. Percent R is at 51.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
