Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Netapp Inc shares valued at $54,579 were sold by O’Callahan Elizabeth M on Feb 10 ’25. At $120.75 per share, O’Callahan Elizabeth M sold 452 shares. The insider’s holdings dropped to 11,553 shares worth approximately $1.36 million following the completion of this transaction.
Also, ELIZABETH O’CALLAHAN purchased 452 shares, netting a total of over 54,579 in proceeds.
Before that, BERRY MICHAEL J had sold 12,500 shares from its account. In a trade valued at $1,532,917, the EVP, CFO traded Netapp Inc shares for $122.63 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $13.04 million.
As published in a research note from Susquehanna on February 10, 2025, Netapp Inc [NTAP] has been rated down from a Positive to a Neutral. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of November 22, 2024, TD Cowen has reiterated its “Buy” rating for NTAP. Earlier on November 15, 2024, Cleveland Research initiated its rating. Their recommendation was “a Neutral” for NTAP stock.
Analyzing NTAP Stock Performance
During the last five days, there has been a drop of approximately -5.09%. Over the course of the year, Netapp Inc shares have jumped approximately 1.42%. 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 $121.05, while a 200-day SMA reached $121.58. Nevertheless, trading volume fell to 1.31 million shares from 1.59 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 116.54, which, if violated, would cause prices to drop to 115.34. In the upper region, resistance lies at 119.34. The next price resistance is at 120.94. RSI (Relative Strength Index) is 41.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.62, which suggests the price will decrease in the coming days. Percent R is at 89.98%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
