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KLA Corp. (KLAC) Becoming More Attractive for Investors

In a filing, KLA Corp. revealed 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 $21.97 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 $4.32 million.

A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in late January from “a Positive” to “a Neutral”. TD Cowen also remained covering KLAC and reiterated its “Market perform” recommendation on January 26, 2024. Cantor Fitzgerald started covering the stock on January 23, 2024. It rated KLAC as “a Neutral”.

Price Performance Review of KLAC

On Monday, KLA Corp. [NASDAQ:KLAC] saw its stock fall -0.34% to $678.49. Over the last five days, the stock has lost -1.78%. KLA Corp. shares have risen nearly 16.72% since the year began. Nevertheless, the stocks have risen 81.23% 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 $678.46, while 200 days put it at $553.67. A total of 0.85 million shares were traded, compared to the trading of 0.81 million shares in the previous session.

Levels Of Support And Resistance For KLAC Stock

The 24-hour chart illustrates a support level at 667.78, which if violated will result in even more drops to 657.07. On the upside, there is a resistance level at 693.95. A further resistance level may holdings at 709.41. The Relative Strength Index (RSI) on the 14-day chart is 46.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.78%. Stochastics %K at 36.53% indicates the stock is a holding.

The most recent change occurred on December 18, 2023 when New Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $730 price target.

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