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. Extreme Networks Inc shares valued at $490,676 were sold by MEYERCORD EDWARD on May 01 ’25. At $13.73 per share, MEYERCORD EDWARD sold 35,725 shares. The insider’s holdings dropped to 1,510,719 shares worth approximately $23.93 million following the completion of this transaction.
Also, MEYERCORD EDWARD sold 35,725 shares, netting a total of over 468,791 in proceeds. Following the sale of shares at $13.12 each, the insider now holds 1,510,719 shares.
Before that, MEYERCORD EDWARD had sold 35,725 shares from its account. In a trade valued at $538,054, the PRESIDENT AND CEO traded Extreme Networks Inc shares for $15.06 each. Upon closing the transaction, the insider’s holdings decreased to 35,725 shares, worth approximately $23.93 million.
As published in a research note from Craig Hallum on May 16, 2024, Extreme Networks Inc [EXTR] has been rated up from a Hold to a Buy and the price target has been revised to $14. Analysts at Rosenblatt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of April 15, 2024, B. Riley Securities has increased its “Neutral” rating to a “Buy” for EXTR. Earlier on February 01, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for EXTR stock which previously was a “a Buy”.
Analyzing EXTR Stock Performance
During the last five days, there has been a drop of approximately -3.06%. Over the course of the year, Extreme Networks Inc shares have dropped approximately -5.38%. Shares of the company reached a 52-week high of $17.96 on 01/22/25 and a 52-week low of $10.10 on 04/07/25.
Support And Resistance Levels for Extreme Networks Inc (EXTR)
According to the 24-hour chart, there is a support level at 15.67, which, if violated, would cause prices to drop to 15.51. In the upper region, resistance lies at 16.04. The next price resistance is at 16.25. RSI (Relative Strength Index) is 66.70 on the 14-day chart, showing neutral technical sentiment.
