KLA Corp.’s recent filing unveils that 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 $20.51 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 $4.03 million.
Evercore ISI initiated its KLA Corp. [KLAC] rating to an Outperform in a research note published on April 16, 2024; the price target was $800. Susquehanna also remained covering KLAC and has decreased its forecast on January 29, 2024 with a “Neutral” recommendation from previously “Positive” rating. TD Cowen maintained its rating on January 26, 2024. It rated KLAC as “a Market perform”.
Price Performance Review of KLAC
On Monday, KLA Corp. [NASDAQ:KLAC] saw its stock jump 0.87% to $633.64. Over the last five days, the stock has lost -6.61%. KLA Corp. shares have risen nearly 9.00% since the year began. Nevertheless, the stocks have risen 68.65% 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 $682.66, while 200 days put it at $558.08. A total of 0.92 million shares were traded, compared to the trading of 1.07 million shares in the previous session.
Levels Of Support And Resistance For KLAC Stock
The 24-hour chart illustrates a support level at 626.40, which if violated will result in even more drops to 619.17. On the upside, there is a resistance level at 639.80. A further resistance level may holdings at 645.97. The Relative Strength Index (RSI) on the 14-day chart is 37.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -39.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.64%. Stochastics %K at 7.06% indicates the stock is a buying.
The most recent change occurred on January 23, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”a Neutral”‘ rating along with a $625 price target.
