Extreme Networks Inc’s filing revealed that its PRESIDENT AND CEO MEYERCORD EDWARD unloaded Company’s shares for reported $0.53 million on Nov 01 ’24. In the deal valued at $14.96 per share,35,725 shares were sold. As a result of this transaction, MEYERCORD EDWARD now holds 1,448,378 shares worth roughly $24.27 million.
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Then, Khanna Raj sold 10,000 shares, generating $165,252 in total proceeds. Upon selling the shares at $16.53, the Director now owns 228,733 shares.
Before that, Khanna Raj bought 10,000 shares. Extreme Networks Inc shares valued at $165,251 were divested by the Director at a price of $16.53 per share.
Craig Hallum upgraded its Extreme Networks Inc [EXTR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. B. Riley Securities also remained covering EXTR and has increased its forecast on April 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on February 01, 2024. It rated EXTR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EXTR
On Friday, Extreme Networks Inc [NASDAQ:EXTR] saw its stock fall -0.53% to $16.76. Over the last five days, the stock has gained 11.07%. Extreme Networks Inc shares have fallen nearly -4.99% since the year began. Nevertheless, the stocks have risen 1.15% over the past one year. While a 52-week high of $18.77 was reached on 01/02/24, a 52-week low of $10.49 was recorded on 05/09/24. SMA at 50 days reached $14.95, while 200 days put it at $13.08.
Levels Of Support And Resistance For EXTR Stock
The 24-hour chart illustrates a support level at 16.51, which if violated will result in even more drops to 16.25. On the upside, there is a resistance level at 17.02. A further resistance level may holdings at 17.27. The Relative Strength Index (RSI) on the 14-day chart is 67.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.96%. Stochastics %K at 88.85% indicates the stock is a selling.
How much short interest is there in Extreme Networks Inc?
A steep rise in short interest was recorded in Extreme Networks Inc stocks on 2024-10-15, dropping by -0.79 million shares to a total of 6.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.01 million shares. There was a decline of -12.76%, which implies that there is a negative sentiment for the stock.
