In a filing, Confluent Inc revealed its Director MILLER MATTHEW CRAIG unloaded Company’s shares for reported $29.36 million on Nov 07 ’24. In the deal valued at $27.51 per share,1,067,242 shares were sold. As a result of this transaction, MILLER MATTHEW CRAIG now holds 0 shares worth roughly $0.0.
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Then, MILLER MATTHEW CRAIG sold 1,067,244 shares, generating $28,978,023 in total proceeds. Upon selling the shares at $27.15, the Director now owns 0 shares.
Before that, SEQUOIA CAPITAL FUND PARALLEL, bought 144,080 shares. Confluent Inc shares valued at $3,963,929 were divested by the Officer at a price of $27.51 per share.
Robert W. Baird initiated its Confluent Inc [CFLT] rating to a Neutral in a research note published on September 04, 2024; the price target was $23. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Overweight”. Evercore ISI began covering CFLT with “an Outperform” recommendation on June 11, 2024. Oppenheimer started covering the stock on May 17, 2024. It rated CFLT as “an Outperform”.
Price Performance Review of CFLT
On Monday, Confluent Inc [NASDAQ:CFLT] saw its stock jump 3.28% to $27.37. Over the last five days, the stock has gained 2.78%. Confluent Inc shares have risen nearly 16.97% since the year began. Nevertheless, the stocks have risen 62.05% over the past one year. While a 52-week high of $35.07 was reached on 03/04/24, a 52-week low of $16.69 was recorded on 08/05/24. SMA at 50 days reached $21.74, while 200 days put it at $26.25.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 26.74, which if violated will result in even more drops to 26.10. On the upside, there is a resistance level at 27.78. A further resistance level may holdings at 28.18. The Relative Strength Index (RSI) on the 14-day chart is 72.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.00%. Stochastics %K at 77.13% indicates the stock is a holding.
How much short interest is there in Confluent Inc?
A steep rise in short interest was recorded in Confluent Inc stocks on 2024-10-15, growing by 1.43 million shares to a total of 20.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 18.63 million shares. There was a rise of 7.11%, which implies that there is a positive sentiment for the stock.
