Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KLA Corp. shares valued at $4,947,971 were sold by Higgins Bren D. on Mar 26 ’24. At $705.04 per share, Higgins Bren D. sold 7,018 shares. The insider’s holdings dropped to 32,375 shares worth approximately $20.86 million following the completion of this transaction.
Also, Donzella Oreste sold 3,257 shares, netting a total of over 2,272,897 in proceeds. Following the sale of shares at $697.85 each, the insider now holds 16,922 shares.
Before that, Wilkinson Mary Beth had sold 430 shares from its account. In a trade valued at $236,500, the EVP, CLO and Secretary traded KLA Corp. shares for $550.00 each. Upon closing the transaction, the insider’s holdings decreased to 430 shares, worth approximately $4.1 million.
As published in their initiating research note from Evercore ISI on April 16, 2024, KLA Corp. [KLAC] has been an Outperform and the price target has been revised to $800. As of January 29, 2024, Susquehanna has decreased its “Positive” rating to a “Neutral” for KLAC. Earlier on January 26, 2024, TD Cowen resumed its rating. Their recommendation was “a Market perform” for KLAC stock.
Analyzing KLAC Stock Performance
During the last five days, there has been a drop of approximately -8.05%. Over the course of the year, KLA Corp. shares have jumped approximately 10.82%. Shares of the company reached a 52-week high of $729.15 on 03/07/24 and a 52-week low of $542.41 on 01/05/24. A 50-day SMA is recorded $681.98, while a 200-day SMA reached $556.42. Nevertheless, trading volume fell to 0.9 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for KLA Corp. (KLAC)
According to the 24-hour chart, there is a support level at 638.01, which, if violated, would cause prices to drop to 631.80. In the upper region, resistance lies at 654.42. The next price resistance is at 664.62. RSI (Relative Strength Index) is 38.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.43, which suggests the price will decrease in the coming days. Percent R is at 97.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
