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. Keysight Technologies Inc shares valued at $657,384 were sold by NARAYANAN KAILASH on Mar 26 ’24. At $152.88 per share, NARAYANAN KAILASH sold 4,300 shares. The insider’s holdings dropped to 29,156 shares worth approximately $4.67 million following the completion of this transaction.
Also, Nersesian Ronald S. sold 29,672 shares, netting a total of over 4,742,179 in proceeds. Following the sale of shares at $159.82 each, the insider now holds 296,619 shares.
Before that, Dougherty Neil had sold 14,686 shares from its account. In a trade valued at $2,340,214, the EVP and CFO traded Keysight Technologies Inc shares for $159.35 each. Upon closing the transaction, the insider’s holdings decreased to 14,686 shares, worth approximately $17.1 million.
As published in a research note from JP Morgan on February 15, 2024, Keysight Technologies Inc [KEYS] has been rated down from an Overweight to a Neutral and the price target has been revised to $170 from $184. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid September. As of September 05, 2023, Goldman has increased its “Neutral” rating to a “Buy” for KEYS. Earlier on August 18, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for KEYS stock which previously was a “an Overweight”.
Analyzing KEYS Stock Performance
During the last five days, there has been a surge of approximately 3.42%. Over the course of the year, Keysight Technologies Inc shares have jumped approximately 0.66%. Shares of the company reached a 52-week high of $162.51 on 02/09/24 and a 52-week low of $138.18 on 02/21/24. A 50-day SMA is recorded $154.54, while a 200-day SMA reached $146.69. Nevertheless, trading volume fell to 1.46 million shares from 1.83 million shares the previous day.
Support And Resistance Levels for Keysight Technologies Inc (KEYS)
According to the 24-hour chart, there is a support level at 157.33, which, if violated, would cause prices to drop to 154.53. In the upper region, resistance lies at 161.63. The next price resistance is at 163.13. RSI (Relative Strength Index) is 60.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.05, which suggests the price will increase in the coming days. Percent R is at 2.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Keysight Technologies Inc subject to short interest?
Stocks of Keysight Technologies Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.77 million shares to 3.48 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.71 million shares. A jump of 22.13% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.1 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.1.
