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An Analysis of Netflix Inc (NFLX)’s Potential Price Growth

Netflix Inc’s recent filing unveils that its Officer HASTINGS REED acquired Company’s shares for reported $43.36 million on Dec 02 ’24. In the deal valued at $896.60 per share,48,363 shares were bought.

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Then, Sweeney Anne M sold 589 shares, generating $518,320 in total proceeds. Upon selling the shares at $880.00, the Director now owns 0 shares.

Before that, Sweeney Anne M sold 601 shares. Netflix Inc shares valued at $516,860 were divested by the Director at a price of $860.00 per share. As a result of the transaction, Sweeney Anne M now holds 0 shares, worth roughly $0.0.

Pivotal Research Group reiterated its Netflix Inc [NFLX] rating to a Buy in a research note published on November 20, 2024; the price target was $1100. A number of analysts have revised their coverage, including Pivotal Research Group’s analysts, who remained covering the stock and in mid October has reiterated a ‘”a Buy”‘ rating for it. Oppenheimer also remained covering NFLX and reiterated its “an Outperform” recommendation on October 18, 2024. Needham maintained its rating on October 18, 2024. It rated NFLX as “a Buy”.

Price Performance Review of NFLX

On Monday, Netflix Inc [NASDAQ:NFLX] saw its stock jump 1.23% to $897.74. Over the last five days, the stock has lost -0.01%. Netflix Inc shares have risen nearly 84.39% since the year began. Nevertheless, the stocks have risen 89.41% over the past one year. While a 52-week high of $908.00 was reached on 11/21/24, a 52-week low of $445.73 was recorded on 01/02/24. SMA at 50 days reached $773.45, while 200 days put it at $670.58.

Levels Of Support And Resistance For NFLX Stock

The 24-hour chart illustrates a support level at 887.13, which if violated will result in even more drops to 876.51. On the upside, there is a resistance level at 905.35. A further resistance level may holdings at 912.95. The Relative Strength Index (RSI) on the 14-day chart is 73.20, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 22.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.84%. Stochastics %K at 81.87% indicates the stock is a selling.

How much short interest is there in Netflix Inc?

A steep rise in short interest was recorded in Netflix Inc stocks on 2024-11-15, growing by 0.5 million shares to a total of 7.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.17 million shares. There was a rise of 6.56%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 16, 2024 when Loop Capital resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $800.

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