Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Silicon Laboratories Inc shares valued at $398,141 were sold by Johnson Robert Matthew on Dec 04 ’23. At $108.22 per share, Johnson Robert Matthew sold 3,679 shares. The insider’s holdings dropped to 31,050 shares worth approximately $3.69 million following the completion of this transaction.
Also, Johnson Robert Matthew sold 3,534 shares, netting a total of over 407,223 in proceeds. Following the sale of shares at $115.23 each, the insider now holds 34,729 shares.
Before that, Johnson Robert Matthew had sold 3,498 shares from its account. In a trade valued at $503,922, the President & CEO traded Silicon Laboratories Inc shares for $144.06 each. Upon closing the transaction, the insider’s holdings decreased to 3,498 shares, worth approximately $4.55 million.
As published in a research note from Needham on April 25, 2024, Silicon Laboratories Inc [SLAB] has been rated up from a Hold to a Buy and the price target has been revised to $150. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late April. As of April 24, 2024, Summit Insights has decreased its “Buy” rating to a “Hold” for SLAB. Earlier on February 08, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for SLAB stock.
Analyzing SLAB Stock Performance
During the last five days, there has been a surge of approximately 1.22%. Over the course of the year, Silicon Laboratories Inc shares have dropped approximately -10.09%. Shares of the company reached a 52-week high of $154.91 on 03/07/24 and a 52-week low of $112.13 on 04/24/24. A 50-day SMA is recorded $133.91, while a 200-day SMA reached $125.71. Nevertheless, trading volume fell to 0.65 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Silicon Laboratories Inc (SLAB)
According to the 24-hour chart, there is a support level at 115.14, which, if violated, would cause prices to drop to 111.34. In the upper region, resistance lies at 122.31. The next price resistance is at 125.68. RSI (Relative Strength Index) is 41.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.52, which suggests the price will decrease in the coming days. Percent R is at 71.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
