Netapp Inc’s recently made public that its Director NEVENS THOMAS MICHAEL unloaded Company’s shares for reported $0.4 million on Nov 18 ’24. In the deal valued at $119.23 per share,3,333 shares were sold. As a result of this transaction, NEVENS THOMAS MICHAEL now holds 9,277 shares worth roughly $1.13 million.
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Then, Kurian George sold 8,500 shares, generating $1,002,990 in total proceeds. Upon selling the shares at $118.00, the CEO now owns 288,282 shares.
Before that, De Lorenzo Daniel sold 326 shares. Netapp Inc shares valued at $38,285 were divested by the VP, Controller & CAO at a price of $117.44 per share. As a result of the transaction, De Lorenzo Daniel now holds 0 shares, worth roughly $0.0.
TD Cowen reiterated its Netapp Inc [NTAP] rating to a Buy in a research note published on November 22, 2024; the price target was $160. A number of analysts have revised their coverage, including Cleveland Research’s analysts, who began to cover the stock in mid November with a ‘”a Neutral”‘ rating. Oppenheimer began covering NTAP with “Perform” recommendation on November 13, 2024. Loop Capital revised its rating on September 03, 2024. It rated NTAP as “a Buy” which previously was an “a Hold”.
Price Performance Review of NTAP
On Friday, Netapp Inc [NASDAQ:NTAP] saw its stock fall -3.43% to $122.34. Over the last five days, the stock has gained 4.38%. Netapp Inc shares have risen nearly 38.77% since the year began. Nevertheless, the stocks have risen 56.87% over the past one year. While a 52-week high of $135.01 was reached on 11/22/24, a 52-week low of $77.46 was recorded on 01/08/24. SMA at 50 days reached $121.87, while 200 days put it at $115.56.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 116.82, which if violated will result in even more drops to 111.30. On the upside, there is a resistance level at 131.65. A further resistance level may holdings at 140.97. The Relative Strength Index (RSI) on the 14-day chart is 52.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 65.58%. Stochastics %K at 69.25% 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.
