Netflix Inc’s recently made public that its Executive Chairman HASTINGS REED unloaded Company’s shares for reported $31.85 million on Jan 02 ’25. In the deal valued at $888.08 per share,35,868 shares were sold. As a result of this transaction, HASTINGS REED now holds 114 shares worth roughly $0.1 million.
Then, HASTINGS REED bought 35,868 shares, generating $31,853,790 in total proceeds.
Before that, HASTINGS REED sold 48,363 shares. Netflix Inc shares valued at $43,362,185 were divested by the Executive Chairman at a price of $896.60 per share. As a result of the transaction, HASTINGS REED now holds 114 shares, worth roughly $0.1 million.
The Benchmark Company reiterated its Netflix Inc [NFLX] rating to a Sell in a research note published on January 03, 2025; the price target was $720. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. Oppenheimer also remained covering NFLX and reiterated its “an Outperform” recommendation on December 16, 2024. Loop Capital revised its rating on December 16, 2024. It rated NFLX as “a Hold” which previously was an “a Buy”.
Price Performance Review of NFLX
On Friday, Netflix Inc [NASDAQ:NFLX] saw its stock fall -0.64% to $881.05. Over the last five days, the stock has lost -4.66%. Netflix Inc shares have fallen nearly -1.15% since the year began. Nevertheless, the stocks have risen 87.35% over the past one year. While a 52-week high of $941.75 was reached on 01/03/25, a 52-week low of $465.77 was recorded on 01/02/25. SMA at 50 days reached $857.76, while 200 days put it at $704.74.
Levels Of Support And Resistance For NFLX Stock
The 24-hour chart illustrates a support level at 874.35, which if violated will result in even more drops to 867.65. On the upside, there is a resistance level at 893.29. A further resistance level may holdings at 905.53. The Relative Strength Index (RSI) on the 14-day chart is 45.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -20.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.12%. Stochastics %K at 10.68% indicates the stock is a buying.
How much short interest is there in Netflix Inc?
A steep rise in short interest was recorded in Netflix Inc stocks on 2024-12-13, dropping by -0.43 million shares to a total of 7.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 7.67 million shares. There was a decline of -5.98%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 11, 2024 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $1010.
