Extreme Networks Inc’s recently made public that its PRESIDENT AND CEO MEYERCORD EDWARD unloaded Company’s shares for reported $0.47 million on Apr 01 ’25. In the deal valued at $13.12 per share,35,725 shares were sold. As a result of this transaction, MEYERCORD EDWARD now holds 1,510,719 shares worth roughly $17.19 million.
Then, MEYERCORD EDWARD sold 35,725 shares, generating $538,054 in total proceeds. Upon selling the shares at $15.06, the PRESIDENT AND CEO now owns 1,510,719 shares.
Before that, EDWARD MEYERCORD bought 107,175 shares. Extreme Networks Inc shares valued at $1,655,854 were divested by the Director at a price of $15.45 per share.
Craig Hallum upgraded its Extreme Networks Inc [EXTR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. B. Riley Securities also remained covering EXTR and has increased its forecast on April 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on February 01, 2024. It rated EXTR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EXTR
On Thursday, Extreme Networks Inc [NASDAQ:EXTR] saw its stock fall -1.47% to $11.38. Over the last five days, the stock has lost -0.61%. Extreme Networks Inc shares have fallen nearly -32.02% since the year began. Nevertheless, the stocks have risen 2.25% over the past one year. While a 52-week high of $19.24 was reached on 01/22/25, a 52-week low of $10.10 was recorded on 04/07/25. SMA at 50 days reached $14.19, while 200 days put it at $15.11.
Levels Of Support And Resistance For EXTR Stock
The 24-hour chart illustrates a support level at 11.24, which if violated will result in even more drops to 11.11. On the upside, there is a resistance level at 11.63. A further resistance level may holdings at 11.89. The Relative Strength Index (RSI) on the 14-day chart is 35.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.30%. Stochastics %K at 34.02% indicates the stock is a holding.
How much short interest is there in Extreme Networks Inc?
A steep rise in short interest was recorded in Extreme Networks Inc stocks on 2025-03-31, growing by 0.67 million shares to a total of 5.94 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.27 million shares. There was a rise of 11.21%, which implies that there is a positive sentiment for the stock.
