The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Netgear Inc shares valued at $60,840 were sold by WAECHTER THOMAS H on Dec 18 ’24. At $30.42 per share, WAECHTER THOMAS H sold 2,000 shares. The insider’s holdings dropped to 61,135 shares worth approximately $1.65 million following the completion of this transaction.
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Also, THOMAS H WAECHTER purchased 2,000 shares, netting a total of over 60,840 in proceeds.
Before that, WAECHTER THOMAS H had sold 2,183 shares from its account. In a trade valued at $54,575, the Director traded Netgear Inc shares for $25.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,183 shares, worth approximately $1.7 million.
As published in a research note from BWS Financial on May 02, 2024, Netgear Inc [NTGR] has been rated down from a Buy to a Neutral. Analysts at BWS Financial upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of October 28, 2021, BWS Financial has decreased its “Buy” rating to a “Neutral” for NTGR.
Analyzing NTGR Stock Performance
During the last five days, there has been a surge of approximately 6.66%. Over the course of the year, Netgear Inc shares have jumped approximately 84.57%. Shares of the company reached a 52-week high of $31.55 on 12/18/24 and a 52-week low of $10.48 on 05/02/24. A 50-day SMA is recorded $23.28, while a 200-day SMA reached $17.38. Nevertheless, trading volume fell to 0.95 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Netgear Inc (NTGR)
According to the 24-hour chart, there is a support level at 25.26, which, if violated, would cause prices to drop to 23.62. In the upper region, resistance lies at 30.05. The next price resistance is at 33.20. RSI (Relative Strength Index) is 70.82 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.86, which suggests the price will decrease in the coming days. Percent R is at 60.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
