In a filing, Arlo Technologies Inc revealed its CHIEF FINANCIAL OFFICER BINDER KURTIS JOSEPH unloaded Company’s shares for reported $84766.0 on Sep 30 ’24. In the deal valued at $11.94 per share,7,098 shares were sold. As a result of this transaction, BINDER KURTIS JOSEPH now holds 892,595 shares worth roughly $10.88 million.
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Then, KURTIS BINDER bought 7,098 shares, generating $83,969 in total proceeds.
Before that, FAISON RALPH E bought 8,842 shares. Arlo Technologies Inc shares valued at $105,090 were divested by the Director at a price of $11.89 per share. As a result of the transaction, FAISON RALPH E now holds 385,599 shares, worth roughly $4.7 million.
Craig Hallum reiterated its Arlo Technologies Inc [ARLO] rating to a Buy in a research note published on November 08, 2024; the price target was $15. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Craig Hallum began covering ARLO with “Buy” recommendation on June 29, 2023. Lake Street started covering the stock on January 25, 2022. It rated ARLO as “a Buy”.
Price Performance Review of ARLO
On Monday, Arlo Technologies Inc [NYSE:ARLO] saw its stock jump 1.33% to $12.19. Over the last five days, the stock has gained 8.55%. Arlo Technologies Inc shares have risen nearly 28.05% since the year began. Nevertheless, the stocks have risen 34.40% over the past one year. While a 52-week high of $17.64 was reached on 07/16/24, a 52-week low of $8.33 was recorded on 01/17/24. SMA at 50 days reached $11.43, while 200 days put it at $12.22.
Levels Of Support And Resistance For ARLO Stock
The 24-hour chart illustrates a support level at 12.01, which if violated will result in even more drops to 11.82. On the upside, there is a resistance level at 12.43. A further resistance level may holdings at 12.66. The Relative Strength Index (RSI) on the 14-day chart is 59.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.33%. Stochastics %K at 83.31% indicates the stock is a selling.
How much short interest is there in Arlo Technologies Inc?
A steep rise in short interest was recorded in Arlo Technologies Inc stocks on 2024-10-31, growing by 0.65 million shares to a total of 6.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.8 million shares. There was a rise of 10.05%, which implies that there is a positive sentiment for the stock.
