In a filing, Confluent Inc revealed its PRESIDENT, FIELD OPERATIONS Schultz Erica unloaded Company’s shares for reported $2.01 million on Nov 26 ’24. In the deal valued at $31.60 per share,63,729 shares were sold. As a result of this transaction, Schultz Erica now holds 678,016 shares worth roughly $21.02 million.
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Then, Buscemi Stephanie sold 26,047 shares, generating $856,686 in total proceeds. Upon selling the shares at $32.89, the CHIEF MARKETING OFFICER now owns 144,373 shares.
Before that, Buscemi Stephanie sold 22,906 shares. Confluent Inc shares valued at $710,086 were divested by the CHIEF MARKETING OFFICER at a price of $31.00 per share. As a result of the transaction, Buscemi Stephanie now holds 144,373 shares, worth roughly $4.48 million.
Robert W. Baird initiated its Confluent Inc [CFLT] rating to a Neutral in a research note published on September 04, 2024; the price target was $23. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Overweight”. Evercore ISI began covering CFLT with “an Outperform” recommendation on June 11, 2024. Oppenheimer started covering the stock on May 17, 2024. It rated CFLT as “an Outperform”.
Price Performance Review of CFLT
On Monday, Confluent Inc [NASDAQ:CFLT] saw its stock jump 0.52% to $31.00. Over the last five days, the stock has lost -1.65%. Confluent Inc shares have risen nearly 32.48% since the year began. Nevertheless, the stocks have risen 46.09% over the past one year. While a 52-week high of $35.07 was reached on 03/04/24, a 52-week low of $17.79 was recorded on 08/05/24. SMA at 50 days reached $24.41, while 200 days put it at $26.41.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 30.60, which if violated will result in even more drops to 30.20. On the upside, there is a resistance level at 31.48. A further resistance level may holdings at 31.95. The Relative Strength Index (RSI) on the 14-day chart is 67.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.88%. Stochastics %K at 63.87% indicates the stock is a holding.
How much short interest is there in Confluent Inc?
A steep rise in short interest was recorded in Confluent Inc stocks on 2024-11-15, dropping by -4.11 million shares to a total of 15.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 20.06 million shares. There was a decline of -25.76%, which implies that there is a negative sentiment for the stock.
