Netscout Systems Inc’s filing revealed that its EVP, World-Wide Sales DOWNING JOHN unloaded Company’s shares for reported $67650.0 on Nov 11 ’24. In the deal valued at $22.55 per share,3,000 shares were sold. As a result of this transaction, DOWNING JOHN now holds 133,352 shares worth roughly $2.93 million.
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Then, DOWNING JOHN bought 3,000 shares, generating $67,650 in total proceeds.
Before that, HADZIMA JOSEPH G JR sold 7,000 shares. Netscout Systems Inc shares valued at $145,301 were divested by the Director at a price of $20.76 per share. As a result of the transaction, HADZIMA JOSEPH G JR now holds 131,298 shares, worth roughly $2.88 million.
Piper Sandler upgraded its Netscout Systems Inc [NTCT] rating to a Neutral from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late May from “a Neutral” to “an Underweight”. Lake Street also remained covering NTCT and has decreased its forecast on October 30, 2020 with a “Hold” recommendation from previously “Buy” rating. Piper Sandler revised its rating on October 29, 2020. It rated NTCT as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of NTCT
On Monday, Netscout Systems Inc [NASDAQ:NTCT] saw its stock jump 0.60% to $21.94. Over the last five days, the stock has gained 1.15%. Netscout Systems Inc shares have fallen nearly -0.05% since the year began. Nevertheless, the stocks have risen 5.94% over the past one year. While a 52-week high of $24.42 was reached on 01/25/24, a 52-week low of $17.10 was recorded on 06/14/24. SMA at 50 days reached $21.33, while 200 days put it at $20.40.
Levels Of Support And Resistance For NTCT Stock
The 24-hour chart illustrates a support level at 21.83, which if violated will result in even more drops to 21.72. On the upside, there is a resistance level at 22.12. A further resistance level may holdings at 22.30. The Relative Strength Index (RSI) on the 14-day chart is 54.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.25%. Stochastics %K at 48.30% indicates the stock is a holding.
How much short interest is there in Netscout Systems Inc?
A steep rise in short interest was recorded in Netscout Systems Inc stocks on 2024-10-31, dropping by 64814.0 shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.47 million shares. There was a decline of -4.61%, which implies that there is a negative sentiment for the stock.
