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. Netflix Inc shares valued at $518,320 were sold by Sweeney Anne M on Nov 20 ’24. At $880.00 per share, Sweeney Anne M sold 589 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Sweeney Anne M sold 601 shares, netting a total of over 516,860 in proceeds. Following the sale of shares at $860.00 each, the insider now holds 0 shares.
Before that, KILGORE LESLIE J had sold 629 shares from its account. In a trade valued at $545,650, the Director traded Netflix Inc shares for $867.49 each. Upon closing the transaction, the insider’s holdings decreased to 629 shares, worth approximately $30.94 million.
As published in a research note from Pivotal Research Group on November 20, 2024, Netflix Inc [NFLX] has been retained to a Buy and the price target has been revised to $1100. Analysts at Pivotal Research Group resumed the stock at ‘”a Buy”‘ outlook in a report released in mid October. As of October 18, 2024, Oppenheimer has reiterated its “an Outperform” rating for NFLX. Earlier on October 18, 2024, Needham resumed its rating. Their recommendation was “a Buy” for NFLX stock.
Analyzing NFLX Stock Performance
During the last five days, there has been a drop of approximately -0.74%. Over the course of the year, Netflix Inc shares have jumped approximately 80.20%. Shares of the company reached a 52-week high of $908.00 on 11/21/24 and a 52-week low of $461.86 on 01/02/24. A 50-day SMA is recorded $765.86, while a 200-day SMA reached $667.53. Nevertheless, trading volume fell to 2.52 million shares from 3.14 million shares the previous day.
Support And Resistance Levels for Netflix Inc (NFLX)
According to the 24-hour chart, there is a support level at 863.85, which, if violated, would cause prices to drop to 850.36. In the upper region, resistance lies at 885.89. The next price resistance is at 894.44. RSI (Relative Strength Index) is 69.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 20.08, which suggests the price will increase in the coming days. Percent R is at 25.69%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
