Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Netapp Inc shares valued at $62,186 were sold by O’Callahan Elizabeth M on Nov 11 ’24. At $123.63 per share, O’Callahan Elizabeth M sold 503 shares. The insider’s holdings dropped to 11,191 shares worth approximately $1.34 million following the completion of this transaction.
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Also, ELIZABETH OCALLAHAN purchased 503 shares, netting a total of over 62,186 in proceeds.
Before that, Kurian George had sold 8,500 shares from its account. In a trade valued at $1,071,929, the CEO traded Netapp Inc shares for $126.11 each. Upon closing the transaction, the insider’s holdings decreased to 8,500 shares, worth approximately $35.04 million.
As published in their initiating research note from Oppenheimer on November 13, 2024, Netapp Inc [NTAP] has been a Perform. Analysts at Loop Capital upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of May 31, 2024, JP Morgan has increased its “an Underweight” rating to a “Neutral” for NTAP. Earlier on May 31, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for NTAP stock.
Analyzing NTAP Stock Performance
During the last five days, there has been a drop of approximately -1.20%. Over the course of the year, Netapp Inc shares have jumped approximately 35.75%. 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 $121.08, while a 200-day SMA reached $114.38. Nevertheless, trading volume fell to 1.42 million shares from 1.37 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 118.79, which, if violated, would cause prices to drop to 117.89. In the upper region, resistance lies at 121.30. The next price resistance is at 122.92. RSI (Relative Strength Index) is 46.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.30, which suggests the price will increase in the coming days. Percent R is at 54.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
