Arlo Technologies Inc’s recent filing unveils that its CEO MCRAE MATTHEW BLAKE unloaded Company’s shares for reported $3.65 million on Dec 02 ’24. In the deal valued at $11.54 per share,316,644 shares were sold. As a result of this transaction, MCRAE MATTHEW BLAKE now holds 3,160,988 shares worth roughly $40.21 million.
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Then, Busse Brian sold 27,588 shares, generating $318,343 in total proceeds. Upon selling the shares at $11.54, the GENERAL COUNSEL now owns 611,465 shares.
Before that, Busse Brian sold 86,421 shares. Arlo Technologies Inc shares valued at $1,033,224 were divested by the GENERAL COUNSEL at a price of $11.96 per share. As a result of the transaction, Busse Brian now holds 639,053 shares, worth roughly $8.13 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 -0.16% to $12.72. Over the last five days, the stock has gained 13.37%. Arlo Technologies Inc shares have risen nearly 33.61% since the year began. Nevertheless, the stocks have risen 39.63% 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 $11.50, while 200 days put it at $12.35.
Levels Of Support And Resistance For ARLO Stock
The 24-hour chart illustrates a support level at 12.63, which if violated will result in even more drops to 12.53. On the upside, there is a resistance level at 12.89. A further resistance level may holdings at 13.05. The Relative Strength Index (RSI) on the 14-day chart is 60.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.39%. Stochastics %K at 77.19% 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.
