In a filing, Confluent Inc revealed its Chief Accounting Officer Phan Kong unloaded Company’s shares for reported $0.39 million on Dec 12 ’24. In the deal valued at $31.30 per share,12,460 shares were sold. As a result of this transaction, Phan Kong now holds 183,886 shares worth roughly $5.79 million.
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Then, Caimi Lara sold 34,500 shares, generating $1,080,540 in total proceeds. Upon selling the shares at $31.32, the Director now owns 7,160 shares.
Before that, MILLER MATTHEW CRAIG sold 1,200 shares. Confluent Inc shares valued at $38,427 were divested by the Director at a price of $32.02 per share. As a result of the transaction, MILLER MATTHEW CRAIG now holds 0 shares, worth roughly $0.0.
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 3.21% to $31.47. Over the last five days, the stock has lost -2.99%. Confluent Inc shares have risen nearly 34.49% since the year began. Nevertheless, the stocks have risen 22.36% 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 $26.88, while 200 days put it at $26.34.
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 29.73. On the upside, there is a resistance level at 31.98. A further resistance level may holdings at 32.48. The Relative Strength Index (RSI) on the 14-day chart is 58.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.50%. Stochastics %K at 23.91% 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 2024-11-29, dropping by -3.2 million shares to a total of 14.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 17.33 million shares. There was a decline of -22.61%, which implies that there is a negative sentiment for the stock.
