In a filing, Keysight Technologies Inc revealed its SVP NARAYANAN KAILASH unloaded Company’s shares for reported $0.66 million on Mar 26 ’24. In the deal valued at $152.88 per share,4,300 shares were sold. As a result of this transaction, NARAYANAN KAILASH now holds 29,156 shares worth roughly $4.63 million.
Then, Nersesian Ronald S. sold 29,672 shares, generating $4,742,179 in total proceeds. Upon selling the shares at $159.82, the Director now owns 296,619 shares.
Before that, Dougherty Neil sold 14,686 shares. Keysight Technologies Inc shares valued at $2,340,214 were divested by the EVP and CFO at a price of $159.35 per share. As a result of the transaction, Dougherty Neil now holds 106,793 shares, worth roughly $16.95 million.
JP Morgan downgraded its Keysight Technologies Inc [KEYS] rating to a Neutral from a an Overweight in a research note published on February 15, 2024; the price target was decreased to $170 from $184. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid September from “an Equal-weight” to “an Overweight”. Goldman also remained covering KEYS and has increased its forecast on September 05, 2023 with a “Buy” recommendation from previously “Neutral” rating. Barclays revised its rating on August 18, 2023. It rated KEYS as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of KEYS
On Monday, Keysight Technologies Inc [NYSE:KEYS] saw its stock jump 0.97% to $158.75. Over the last five days, the stock has gained 2.42%. Keysight Technologies Inc shares have fallen nearly -0.21% since the year began. Nevertheless, the stocks have risen 1.79% over the past one year. While a 52-week high of $172.72 was reached on 02/09/24, a 52-week low of $118.57 was recorded on 02/21/24. SMA at 50 days reached $154.45, while 200 days put it at $146.69. A total of 1.38 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For KEYS Stock
The 24-hour chart illustrates a support level at 157.70, which if violated will result in even more drops to 156.64. On the upside, there is a resistance level at 159.65. A further resistance level may holdings at 160.54. The Relative Strength Index (RSI) on the 14-day chart is 60.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.18%. Stochastics %K at 75.31% indicates the stock is a holding.
How much short interest is there in Keysight Technologies Inc?
A steep rise in short interest was recorded in Keysight Technologies Inc stocks on Mar 15, 2024, growing by 0.77 million shares to a total of 3.48 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.71 million shares. There was a rise of 22.13%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.59% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.1.
