Netapp Inc’s recent filing unveils that its EVP, Chief Legal Officer O’Callahan Elizabeth M unloaded Company’s shares for reported $62186.0 on Nov 11 ’24. In the deal valued at $123.63 per share,503 shares were sold. As a result of this transaction, O’Callahan Elizabeth M now holds 11,191 shares worth roughly $1.31 million.
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Then, ELIZABETH OCALLAHAN bought 503 shares, generating $62,186 in total proceeds.
Before that, Kurian George sold 8,500 shares. Netapp Inc shares valued at $1,071,929 were divested by the CEO at a price of $126.11 per share. As a result of the transaction, Kurian George now holds 292,778 shares, worth roughly $34.32 million.
Cleveland Research initiated its Netapp Inc [NTAP] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid November with a ‘”a Perform”‘ rating. Loop Capital also remained covering NTAP and has increased its forecast on September 03, 2024 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on May 31, 2024. It rated NTAP as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of NTAP
On Friday, Netapp Inc [NASDAQ:NTAP] saw its stock fall -0.73% to $117.21. Over the last five days, the stock has lost -5.48%. Netapp Inc shares have risen nearly 32.95% since the year began. Nevertheless, the stocks have risen 48.52% over the past one year. While a 52-week high of $135.01 was reached on 07/10/24, a 52-week low of $76.41 was recorded on 01/08/24. SMA at 50 days reached $121.17, while 200 days put it at $114.68.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 116.51, which if violated will result in even more drops to 115.82. On the upside, there is a resistance level at 118.07. A further resistance level may holdings at 118.94. The Relative Strength Index (RSI) on the 14-day chart is 41.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.52%. Stochastics %K at 31.79% indicates the stock is a holding.
How much short interest is there in Netapp Inc?
A steep rise in short interest was recorded in Netapp Inc stocks on 2024-10-31, growing by 2.03 million shares to a total of 8.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.86 million shares. There was a rise of 22.8%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 31, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $135.
