In a filing, FormFactor Inc. revealed its CEO SLESSOR MIKE unloaded Company’s shares for reported $0.18 million on Apr 01 ’24. In the deal valued at $45.94 per share,4,000 shares were sold. As a result of this transaction, SLESSOR MIKE now holds 495,781 shares worth roughly $23.71 million.
Then, Shahar Shai sold 10,000 shares, generating $445,122 in total proceeds. Upon selling the shares at $44.51, the CFO, SVP Global Finance now owns 27,591 shares.
Before that, SLESSOR MIKE sold 4,000 shares. FormFactor Inc. shares valued at $173,518 were divested by the CEO at a price of $43.38 per share. As a result of the transaction, SLESSOR MIKE now holds 499,781 shares, worth roughly $23.9 million.
TD Cowen reiterated its FormFactor Inc. [FORM] rating to a Market perform in a research note published on February 08, 2024; the price target was $37. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Market perform”. Citigroup also remained covering FORM and has decreased its forecast on April 03, 2023 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on January 13, 2023. It rated FORM as “a Hold”.
Price Performance Review of FORM
On Tuesday, FormFactor Inc. [NASDAQ:FORM] saw its stock jump 1.81% to $47.83. Over the last five days, the stock has gained 5.40%. FormFactor Inc. shares have risen nearly 14.67% since the year began. Nevertheless, the stocks have risen 61.32% over the past one year. While a 52-week high of $47.43 was reached on 04/09/24, a 52-week low of $24.88 was recorded on 01/05/24. SMA at 50 days reached $42.78, while 200 days put it at $37.40. A total of 0.51 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For FORM Stock
The 24-hour chart illustrates a support level at 47.27, which if violated will result in even more drops to 46.72. On the upside, there is a resistance level at 48.16. A further resistance level may holdings at 48.49. The Relative Strength Index (RSI) on the 14-day chart is 65.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.49%. Stochastics %K at 91.41% indicates the stock is a selling.
How much short interest is there in FormFactor Inc.?
A steep rise in short interest was recorded in FormFactor Inc. stocks on Mar 28, 2024, dropping by -0.57 million shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 2.76 million shares. There was a decline of -26.03%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.97% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.68.
The most recent change occurred on December 13, 2022 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $33 price target.
