Onto Innovation Inc.’s recently made public that its CEO Plisinski Michael P unloaded Company’s shares for reported $7.02 million on Mar 20 ’24. In the deal valued at $175.48 per share,40,000 shares were sold. As a result of this transaction, Plisinski Michael P now holds 235,492 shares worth roughly $44.23 million.
Then, OH Yoon Ah sold 1,685 shares, generating $303,300 in total proceeds. Upon selling the shares at $180.00, the VP, General Counsel & Corp Sec now owns 14,913 shares.
Before that, OH Yoon Ah sold 2,685 shares. Onto Innovation Inc. shares valued at $467,083 were divested by the VP, General Counsel & Corp Sec at a price of $173.96 per share. As a result of the transaction, OH Yoon Ah now holds 16,598 shares, worth roughly $3.12 million.
Needham downgraded its Onto Innovation Inc. [ONTO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. DA Davidson revised its rating on June 09, 2020. It rated ONTO as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ONTO
On Tuesday, Onto Innovation Inc. [NYSE:ONTO] saw its stock fall -1.10% to $187.80. Over the last five days, the stock has gained 1.53%. Onto Innovation Inc. shares have risen nearly 22.83% since the year began. Nevertheless, the stocks have risen 131.65% over the past one year. While a 52-week high of $199.72 was reached on 03/04/24, a 52-week low of $76.40 was recorded on 01/05/24. SMA at 50 days reached $178.18, while 200 days put it at $141.25. A total of 0.35 million shares were traded, compared to the trading of 0.6 million shares in the previous session.
Levels Of Support And Resistance For ONTO Stock
The 24-hour chart illustrates a support level at 184.55, which if violated will result in even more drops to 181.30. On the upside, there is a resistance level at 191.71. A further resistance level may holdings at 195.62. The Relative Strength Index (RSI) on the 14-day chart is 56.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.93%. Stochastics %K at 78.78% indicates the stock is a holding.
How much short interest is there in Onto Innovation Inc.?
A steep rise in short interest was recorded in Onto Innovation Inc. stocks on Mar 15, 2024, dropping by 40000.0 shares to a total of 1.34 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.38 million shares. There was a decline of -2.99%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.2.
