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 $1,045,777 were sold by Kurian George on Jan 21 ’25. At $123.03 per share, Kurian George sold 8,500 shares. The insider’s holdings dropped to 271,282 shares worth approximately $32.63 million following the completion of this transaction.
Also, GEORGE KURIAN purchased 8,500 shares, netting a total of over 1,045,788 in proceeds.
Before that, O’Callahan Elizabeth M had sold 451 shares from its account. In a trade valued at $52,672, the EVP, Chief Legal Officer traded Netapp Inc shares for $116.79 each. Upon closing the transaction, the insider’s holdings decreased to 451 shares, worth approximately $1.44 million.
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 drop of approximately -4.58%. Over the course of the year, Netapp Inc shares have jumped approximately 3.62%. Shares of the company reached a 52-week high of $127.19 on 01/22/25 and a 52-week low of $112.86 on 01/13/25. A 50-day SMA is recorded $121.36, while a 200-day SMA reached $120.44. Nevertheless, trading volume fell to 1.31 million shares from 1.28 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 119.48, which, if violated, would cause prices to drop to 118.69. In the upper region, resistance lies at 121.14. The next price resistance is at 122.00. RSI (Relative Strength Index) is 49.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.74, which suggests the price will decrease in the coming days. Percent R is at 48.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
