KLA Corp.’s filing revealed that its EVP & Chief Financial Officer Higgins Bren D. unloaded Company’s shares for reported $4.95 million on Mar 26 ’24. In the deal valued at $705.04 per share,7,018 shares were sold. As a result of this transaction, Higgins Bren D. now holds 32,375 shares worth roughly $22.37 million.
Then, Donzella Oreste sold 3,257 shares, generating $2,272,897 in total proceeds. Upon selling the shares at $697.85, the Executive Vice President now owns 16,922 shares.
Before that, Wilkinson Mary Beth sold 430 shares. KLA Corp. shares valued at $236,500 were divested by the EVP, CLO and Secretary at a price of $550.00 per share. As a result of the transaction, Wilkinson Mary Beth now holds 6,364 shares, worth roughly $4.4 million.
Susquehanna downgraded its KLA Corp. [KLAC] rating to a Neutral from a a Positive in a research note published on January 29, 2024; the price target was increased to $675 from $640. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late January has reiterated a ‘”a Market perform”‘ rating for it. Cantor Fitzgerald began covering KLAC with “Neutral” recommendation on January 23, 2024. New Street started covering the stock on December 18, 2023. It rated KLAC as “a Buy”.
Price Performance Review of KLAC
On Monday, KLA Corp. [NASDAQ:KLAC] saw its stock jump 1.17% to $690.82. Over the last five days, the stock has lost -2.82%. KLA Corp. shares have risen nearly 18.84% since the year began. Nevertheless, the stocks have risen 81.03% over the past one year. While a 52-week high of $729.15 was reached on 03/07/24, a 52-week low of $355.88 was recorded on 01/05/24. SMA at 50 days reached $669.35, while 200 days put it at $548.13. A total of 0.49 million shares were traded, compared to the trading of 0.15 million shares in the previous session.
Levels Of Support And Resistance For KLAC Stock
The 24-hour chart illustrates a support level at 682.07, which if violated will result in even more drops to 673.32. On the upside, there is a resistance level at 695.99. A further resistance level may holdings at 701.17. The Relative Strength Index (RSI) on the 14-day chart is 51.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.19%. Stochastics %K at 23.15% indicates the stock is a holding.
How much short interest is there in KLA Corp.?
A steep rise in short interest was recorded in KLA Corp. stocks on Mar 15, 2024, growing by 0.25 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.75 million shares. There was a rise of 12.5%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.04.
The most recent change occurred on November 22, 2023 when Redburn Atlantic began covering the stock and recommended ‘”a Neutral”‘ rating along with a $550 price target.
