Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Netapp Inc shares valued at $11,296,450 were purchased by Michael J. Berry on Jan 07 ’25. At $118.91 per share, Michael J. Berry acquired 95,000 shares.
Also, CERNUDA CESAR sold 22,000 shares, netting a total of over 2,529,780 in proceeds. Following the sale of shares at $114.99 each, the insider now holds 27,099 shares.
Before that, CESAR CERNUDA had added 22,000 shares to its account. In a trade valued at $2,529,749, the Officer bought Netapp Inc shares for $114.99 each.
As published in a research note from JP Morgan on December 16, 2024, Netapp Inc [NTAP] has been rated up from a Neutral to an Overweight and the price target has been revised to $160. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of November 15, 2024, Cleveland Research has initiated its “Neutral” rating for NTAP. Earlier on November 13, 2024, Oppenheimer initiated its rating. Their recommendation was “a Perform” for NTAP stock.
Analyzing NTAP Stock Performance
During the last five days, there has been a surge of approximately 1.73%. Over the course of the year, Netapp Inc shares have jumped approximately 1.73%. Shares of the company reached a 52-week high of $119.51 on 01/06/25 and a 52-week low of $114.80 on 01/02/25. A 50-day SMA is recorded $121.02, while a 200-day SMA reached $119.40. Nevertheless, trading volume fell to 1.12 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Netapp Inc (NTAP)
According to the 24-hour chart, there is a support level at 116.43, which, if violated, would cause prices to drop to 114.77. In the upper region, resistance lies at 118.94. The next price resistance is at 119.79. RSI (Relative Strength Index) is 46.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 60.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
