Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Netflix Inc shares valued at $43,362,185 were sold by HASTINGS REED on Dec 02 ’24. At $896.60 per share, HASTINGS REED sold 48,363 shares. The insider’s holdings dropped to 114 shares worth approximately $0.11 million following the completion of this transaction.
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Also, HASTINGS REED purchased 48,363 shares, netting a total of over 43,362,184 in proceeds.
Before that, Sweeney Anne M had sold 589 shares from its account. In a trade valued at $518,320, the Director traded Netflix Inc shares for $880.00 each. Upon closing the transaction, the insider’s holdings decreased to 589 shares, worth approximately $0.0.
As published in a research note from UBS on December 19, 2024, Netflix Inc [NFLX] has been retained to a Buy and the price target has been revised to $1040. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid December. As of December 16, 2024, Loop Capital has decreased its “Buy” rating to a “Hold” for NFLX. Earlier on December 11, 2024, JP Morgan resumed its rating. Their recommendation was “an Overweight” for NFLX stock.
Analyzing NFLX Stock Performance
During the last five days, there has been a surge of approximately 1.56%. Over the course of the year, Netflix Inc shares have jumped approximately 91.73%. Shares of the company reached a 52-week high of $941.75 on 12/11/24 and a 52-week low of $461.86 on 01/02/24. A 50-day SMA is recorded $837.85, while a 200-day SMA reached $696.18. Nevertheless, trading volume fell to 2.32 million shares from 2.09 million shares the previous day.
Support And Resistance Levels for Netflix Inc (NFLX)
According to the 24-hour chart, there is a support level at 917.26, which, if violated, would cause prices to drop to 902.41. In the upper region, resistance lies at 941.41. The next price resistance is at 950.71. RSI (Relative Strength Index) is 64.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 17.45%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
