In a filing, Confluent Inc revealed its Officer ERICA SCHULTZ acquired Company’s shares for reported $6.9 million on Nov 18 ’24. In the deal valued at $27.07 per share,254,916 shares were bought.
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Then, Vishria Eric sold 15,476 shares, generating $464,280 in total proceeds. Upon selling the shares at $30.00, the Director now owns 1,278,210 shares.
Before that, Kreps Edward Jay sold 232,500 shares. Confluent Inc shares valued at $6,810,060 were divested by the CHIEF EXECUTIVE OFFICER at a price of $29.29 per share. As a result of the transaction, Kreps Edward Jay now holds 452,488 shares, worth roughly $12.45 million.
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 1.63% to $27.51. Over the last five days, the stock has gained 0.51%. Confluent Inc shares have risen nearly 17.56% since the year began. Nevertheless, the stocks have risen 45.02% over the past one year. While a 52-week high of $35.07 was reached on 03/04/24, a 52-week low of $17.79 was recorded on 08/05/24. SMA at 50 days reached $22.54, while 200 days put it at $26.37.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 27.06, which if violated will result in even more drops to 26.60. On the upside, there is a resistance level at 27.87. A further resistance level may holdings at 28.22. The Relative Strength Index (RSI) on the 14-day chart is 63.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.62%. Stochastics %K at 68.02% 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 2024-10-31, dropping by -2.34 million shares to a total of 17.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 19.67 million shares. There was a decline of -13.52%, which implies that there is a negative sentiment for the stock.
