Arlo Technologies Inc’s recent filing unveils that its CHIEF FINANCIAL OFFICER BINDER KURTIS JOSEPH unloaded Company’s shares for reported $0.82 million on Dec 16 ’24. In the deal valued at $12.80 per share,63,882 shares were sold. As a result of this transaction, BINDER KURTIS JOSEPH now holds 828,713 shares worth roughly $9.48 million.
Then, KURTIS BINDER bought 63,882 shares, generating $791,498 in total proceeds.
Before that, MCRAE MATTHEW BLAKE sold 316,644 shares. Arlo Technologies Inc shares valued at $3,653,818 were divested by the CEO at a price of $11.54 per share. As a result of the transaction, MCRAE MATTHEW BLAKE now holds 3,160,988 shares, worth roughly $36.16 million.
Craig Hallum reiterated its Arlo Technologies Inc [ARLO] rating to a Buy in a research note published on November 08, 2024; the price target was $15. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Craig Hallum began covering ARLO with “Buy” recommendation on June 29, 2023. Lake Street started covering the stock on January 25, 2022. It rated ARLO as “a Buy”.
Price Performance Review of ARLO
On Monday, Arlo Technologies Inc [NYSE:ARLO] saw its stock jump 2.97% to $11.44. Over the last five days, the stock has lost -0.26%. Arlo Technologies Inc shares have risen nearly 2.23% since the year began. Nevertheless, the stocks have risen 24.08% over the past one year. While a 52-week high of $17.64 was reached on 01/06/25, a 52-week low of $8.33 was recorded on 01/02/25. SMA at 50 days reached $11.71, while 200 days put it at $12.43.
Levels Of Support And Resistance For ARLO Stock
The 24-hour chart illustrates a support level at 11.21, which if violated will result in even more drops to 10.97. On the upside, there is a resistance level at 11.73. A further resistance level may holdings at 12.01. The Relative Strength Index (RSI) on the 14-day chart is 45.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.49%. Stochastics %K at 18.20% indicates the stock is a buying.
How much short interest is there in Arlo Technologies Inc?
A steep rise in short interest was recorded in Arlo Technologies Inc stocks on 2024-12-13, dropping by -0.68 million shares to a total of 6.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.71 million shares. There was a decline of -11.24%, which implies that there is a negative sentiment for the stock.
