Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Confluent Inc shares valued at $1,989,297 were sold by Schultz Erica on Dec 03 ’24. At $31.21 per share, Schultz Erica sold 63,729 shares. The insider’s holdings dropped to 678,016 shares worth approximately $22.57 million following the completion of this transaction.
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Also, ERICA SCHULTZ purchased 75,000 shares, netting a total of over 2,325,000 in proceeds.
Before that, Schultz Erica had sold 63,729 shares from its account. In a trade valued at $2,013,836, the PRESIDENT, FIELD OPERATIONS traded Confluent Inc shares for $31.60 each. Upon closing the transaction, the insider’s holdings decreased to 63,729 shares, worth approximately $22.57 million.
As published in their initiating research note from Robert W. Baird on September 04, 2024, Confluent Inc [CFLT] has been a Neutral and the price target has been revised to $23. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early August. As of June 11, 2024, Evercore ISI has initiated its “an Outperform” rating for CFLT. Earlier on May 17, 2024, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for CFLT stock.
Analyzing CFLT Stock Performance
During the last five days, there has been a surge of approximately 8.90%. Over the course of the year, Confluent Inc shares have jumped approximately 42.26%. Shares of the company reached a 52-week high of $35.07 on 03/04/24 and a 52-week low of $17.79 on 08/05/24. A 50-day SMA is recorded $25.18, while a 200-day SMA reached $26.41. Nevertheless, trading volume fell to 3.38 million shares from 5.74 million shares the previous day.
Support And Resistance Levels for Confluent Inc (CFLT)
According to the 24-hour chart, there is a support level at 32.97, which, if violated, would cause prices to drop to 32.65. In the upper region, resistance lies at 33.72. The next price resistance is at 34.14. RSI (Relative Strength Index) is 74.73 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.10, which suggests the price will increase in the coming days. Percent R is at 7.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
