Netapp Inc’s recently made public that its Officer ELIZABETH O’CALLAHAN acquired Company’s shares for reported $54579.0 on Feb 10 ’25. In the deal valued at $120.75 per share,452 shares were bought.
Then, BERRY MICHAEL J sold 12,500 shares, generating $1,532,917 in total proceeds. Upon selling the shares at $122.63, the EVP, CFO now owns 110,743 shares.
Before that, BERRY MICHAEL J sold 12,500 shares. Netapp Inc shares valued at $1,509,305 were divested by the EVP, CFO at a price of $120.74 per share. As a result of the transaction, BERRY MICHAEL J now holds 123,243 shares, worth roughly $15.16 million.
Susquehanna downgraded its Netapp Inc [NTAP] rating to a Neutral from a a Positive in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. TD Cowen also remained covering NTAP and reiterated its “Buy” recommendation on November 22, 2024. Cleveland Research started covering the stock on November 15, 2024. It rated NTAP as “a Neutral”.
Price Performance Review of NTAP
On Monday, Netapp Inc [NASDAQ:NTAP] saw its stock jump 0.09% to $123.02. Over the last five days, the stock has gained 2.76%. Netapp Inc shares have risen nearly 5.98% since the year began. Nevertheless, the stocks have risen 41.03% over the past one year. While a 52-week high of $135.45 was reached on 01/22/25, a 52-week low of $83.80 was recorded on 01/13/25. SMA at 50 days reached $121.44, while 200 days put it at $121.32.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 118.84, which if violated will result in even more drops to 114.65. On the upside, there is a resistance level at 125.15. A further resistance level may holdings at 127.27. The Relative Strength Index (RSI) on the 14-day chart is 54.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.06%. Stochastics %K at 60.69% indicates the stock is a holding.
How much short interest is there in Netapp Inc?
A steep rise in short interest was recorded in Netapp Inc stocks on 2024-10-31, growing by 2.03 million shares to a total of 8.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.86 million shares. There was a rise of 22.8%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 13, 2024 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .
