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. Netflix Inc shares valued at $5,596,374 were sold by BARTON RICHARD N on Jan 07 ’25. At $879.38 per share, BARTON RICHARD N sold 6,364 shares. The insider’s holdings dropped to 246 shares worth approximately $0.21 million following the completion of this transaction.
Also, BARTON RICHARD N purchased 6,364 shares, netting a total of over 5,596,374 in proceeds.
Before that, HASTINGS REED had sold 35,868 shares from its account. In a trade valued at $31,853,790, the Executive Chairman traded Netflix Inc shares for $888.08 each. Upon closing the transaction, the insider’s holdings decreased to 35,868 shares, worth approximately $96030.18000000001.
As published in a research note from Seaport Research Partners on January 16, 2025, Netflix Inc [NFLX] has been rated up from a Neutral to a Buy and the price target has been revised to $955. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid January. As of January 15, 2025, BMO Capital Markets has reiterated its “an Outperform” rating for NFLX. Earlier on January 08, 2025, Goldman resumed its rating. Their recommendation was “a Neutral” for NFLX stock.
Analyzing NFLX Stock Performance
During the last five days, there has been a drop of approximately -3.73%. Over the course of the year, Netflix Inc shares have dropped approximately -5.49%. Shares of the company reached a 52-week high of $898.83 on 01/03/25 and a 52-week low of $823.52 on 01/14/25. A 50-day SMA is recorded $873.76, while a 200-day SMA reached $714.06. Nevertheless, trading volume fell to 4.01 million shares from 3.18 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 833.27, which, if violated, would cause prices to drop to 824.16. In the upper region, resistance lies at 860.23. The next price resistance is at 878.08. RSI (Relative Strength Index) is 38.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -33.48, which suggests the price will decrease in the coming days. Percent R is at 82.38%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
