The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Netapp Inc shares valued at $397,392 were sold by NEVENS THOMAS MICHAEL on Nov 18 ’24. At $119.23 per share, NEVENS THOMAS MICHAEL sold 3,333 shares. The insider’s holdings dropped to 9,277 shares worth approximately $1.15 million following the completion of this transaction.
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Also, Kurian George sold 8,500 shares, netting a total of over 1,002,990 in proceeds. Following the sale of shares at $118.00 each, the insider now holds 288,282 shares.
Before that, De Lorenzo Daniel had sold 326 shares from its account. In a trade valued at $38,285, the VP, Controller & CAO traded Netapp Inc shares for $117.44 each. Upon closing the transaction, the insider’s holdings decreased to 326 shares, worth approximately $0.0.
As published in their initiating research note from Cleveland Research on November 15, 2024, Netapp Inc [NTAP] has been a Neutral. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid November. As of September 03, 2024, Loop Capital has increased its “Hold” rating to a “Buy” for NTAP. Earlier on May 31, 2024, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for NTAP stock which previously was a “an Underweight”.
Analyzing NTAP Stock Performance
During the last five days, there has been a surge of approximately 3.15%. Over the course of the year, Netapp Inc shares have jumped approximately 40.03%. 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 $121.56, while a 200-day SMA reached $115.19. Nevertheless, trading volume fell to 2.41 million shares from 2.55 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 121.97, which, if violated, would cause prices to drop to 120.49. In the upper region, resistance lies at 124.22. The next price resistance is at 125.00. RSI (Relative Strength Index) is 56.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.75, which suggests the price will increase in the coming days. Percent R is at 16.03%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
