Netapp Inc’s filing revealed that its Officer GEORGE KURIAN acquired Company’s shares for reported $1.06 million on Dec 16 ’24. In the deal valued at $124.29 per share,8,500 shares were bought.
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Then, BERRY MICHAEL J sold 7,500 shares, generating $924,876 in total proceeds. Upon selling the shares at $123.32, the EVP, CFO now owns 160,743 shares.
Before that, BERRY MICHAEL J sold 7,500 shares. Netapp Inc shares valued at $917,531 were divested by the EVP, CFO at a price of $122.34 per share. As a result of the transaction, BERRY MICHAEL J now holds 168,243 shares, worth roughly $21.22 million.
JP Morgan upgraded its Netapp Inc [NTAP] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Buy”‘ rating for it. Cleveland Research began covering NTAP with “Neutral” recommendation on November 15, 2024. Oppenheimer started covering the stock on November 13, 2024. It rated NTAP as “a Perform”.
Price Performance Review of NTAP
On Monday, Netapp Inc [NASDAQ:NTAP] saw its stock jump 3.40% to $126.10. Over the last five days, the stock has lost -1.18%. Netapp Inc shares have risen nearly 43.04% since the year began. Nevertheless, the stocks have risen 41.35% over the past one year. While a 52-week high of $135.45 was reached on 11/22/24, a 52-week low of $83.62 was recorded on 01/08/24. SMA at 50 days reached $122.97, while 200 days put it at $118.32.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 123.45, which if violated will result in even more drops to 120.81. On the upside, there is a resistance level at 127.97. A further resistance level may holdings at 129.85. The Relative Strength Index (RSI) on the 14-day chart is 53.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.69%. Stochastics %K at 27.77% indicates the stock is a holding.
How much short interest is there in Netapp Inc?
A steep rise in short interest was recorded in Netapp Inc stocks on 2024-10-31, growing by 2.03 million shares to a total of 8.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.86 million shares. There was a rise of 22.8%, which implies that there is a positive sentiment for the stock.
