Silicon Laboratories Inc [SLAB] Shares Fall Approximately -25.35% Over the Year

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. Silicon Laboratories Inc shares valued at $398,141 were sold by Johnson Robert Matthew on Dec 04. At $108.22 per share, Johnson Robert Matthew sold 3,679 shares. The insider’s holdings dropped to 31,050 shares worth approximately $4.38 million following the completion of this transaction.

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Also, Johnson Robert Matthew sold 3,534 shares, netting a total of over 407,223 in proceeds. Following the sale of shares at $115.23 each, the insider now holds 34,729 shares.

Before that, Johnson Robert Matthew had sold 3,498 shares from its account. In a trade valued at $503,922, the President & CEO traded Silicon Laboratories Inc shares for $144.06 each. Upon closing the transaction, the insider’s holdings decreased to 3,498 shares, worth approximately $5.39 million.

As published in a research note from TD Cowen on February 08, 2024, Silicon Laboratories Inc [SLAB] has been retained to an Outperform and the price target has been revised to $155.

Analyzing SLAB Stock Performance

During the last five days, there has been a surge of approximately 5.38%. Over the course of the year, Silicon Laboratories Inc shares have jumped approximately 6.53%. Shares of the company reached a 52-week high of $145.39 on 02/12/24 and a 52-week low of $114.35 on 01/17/24. A 50-day SMA is recorded $126.63, while a 200-day SMA reached $128.97. Nevertheless, trading volume fell to 0.62 million shares from 0.3 million shares the previous day.

Support And Resistance Levels for Silicon Laboratories Inc (SLAB)

According to the 24-hour chart, there is a support level at 138.44, which, if violated, would cause prices to drop to 135.97. In the upper region, resistance lies at 142.35. The next price resistance is at 143.79. RSI (Relative Strength Index) is 61.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.41, which suggests the price will increase in the coming days. Percent R is at 14.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Silicon Laboratories Inc subject to short interest?

Stocks of Silicon Laboratories Inc saw a sharp rise in short interest on Jan 31, 2024 jumping by 0.15 million shares to 1.58 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 1.43 million shares. A jump of 9.49% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.08 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.08.

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