Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Arlo Technologies Inc shares valued at $3,653,818 were sold by MCRAE MATTHEW BLAKE on Dec 02 ’24. At $11.54 per share, MCRAE MATTHEW BLAKE sold 316,644 shares. The insider’s holdings dropped to 3,160,988 shares worth approximately $41.09 million following the completion of this transaction.
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Also, Busse Brian sold 27,588 shares, netting a total of over 318,343 in proceeds. Following the sale of shares at $11.54 each, the insider now holds 611,465 shares.
Before that, Busse Brian had sold 86,421 shares from its account. In a trade valued at $1,033,224, the GENERAL COUNSEL traded Arlo Technologies Inc shares for $11.96 each. Upon closing the transaction, the insider’s holdings decreased to 86,421 shares, worth approximately $8.31 million.
As published in a research note from Craig Hallum on November 08, 2024, Arlo Technologies Inc [ARLO] has been retained to a Buy and the price target has been revised to $15. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of June 29, 2023, Craig Hallum has initiated its “Buy” rating for ARLO. Earlier on January 25, 2022, Lake Street initiated its rating. Their recommendation was “a Buy” for ARLO stock.
Analyzing ARLO Stock Performance
During the last five days, there has been a surge of approximately 7.97%. Over the course of the year, Arlo Technologies Inc shares have jumped approximately 36.55%. Shares of the company reached a 52-week high of $17.64 on 07/16/24 and a 52-week low of $8.33 on 01/17/24. A 50-day SMA is recorded $11.47, while a 200-day SMA reached $12.31. Nevertheless, trading volume fell to 1.2 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Arlo Technologies Inc (ARLO)
According to the 24-hour chart, there is a support level at 12.69, which, if violated, would cause prices to drop to 12.38. In the upper region, resistance lies at 13.27. The next price resistance is at 13.55. RSI (Relative Strength Index) is 64.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 10.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
