Arlo Technologies Inc’s recently made public that its GENERAL COUNSEL Busse Brian unloaded Company’s shares for reported $1.03 million on Nov 26 ’24. In the deal valued at $11.96 per share,86,421 shares were sold. As a result of this transaction, Busse Brian now holds 639,053 shares worth roughly $7.17 million.
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Then, BRIAN C BUSSE bought 86,421 shares, generating $1,053,472 in total proceeds.
Before that, BINDER KURTIS JOSEPH sold 7,098 shares. Arlo Technologies Inc shares valued at $84,766 were divested by the CHIEF FINANCIAL OFFICER at a price of $11.94 per share. As a result of the transaction, BINDER KURTIS JOSEPH now holds 892,595 shares, worth roughly $10.01 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 Friday, Arlo Technologies Inc [NYSE:ARLO] saw its stock fall -0.27% to $11.22. Over the last five days, the stock has lost -5.63%. Arlo Technologies Inc shares have risen nearly 17.86% since the year began. Nevertheless, the stocks have risen 21.82% 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 $12.26.
Levels Of Support And Resistance For ARLO Stock
The 24-hour chart illustrates a support level at 11.07, which if violated will result in even more drops to 10.92. On the upside, there is a resistance level at 11.46. A further resistance level may holdings at 11.70. The Relative Strength Index (RSI) on the 14-day chart is 45.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.56%. Stochastics %K at 39.78% indicates the stock is a holding.
How much short interest is there in Arlo Technologies Inc?
A steep rise in short interest was recorded in Arlo Technologies Inc stocks on 2024-11-15, growing by 0.27 million shares to a total of 6.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.44 million shares. There was a rise of 4.09%, which implies that there is a positive sentiment for the stock.
