Lam Research Corp.’s recent filing unveils that its Director TALWALKAR ABHIJIT Y unloaded Company’s shares for reported $0.86 million on Apr 01 ’24. In the deal valued at $972.03 per share,882 shares were sold. As a result of this transaction, TALWALKAR ABHIJIT Y now holds 10,541 shares worth roughly $9.75 million.
Then, Corrreia Christina sold 647 shares, generating $628,903 in total proceeds. Upon selling the shares at $972.03, the CVP , Chief Accounting Officer now owns 5,541 shares.
Before that, Varadarajan Seshasayee sold 5,500 shares. Lam Research Corp. shares valued at $5,026,945 were divested by the Senior Vice President at a price of $913.99 per share. As a result of the transaction, Varadarajan Seshasayee now holds 16,595 shares, worth roughly $15.36 million.
TD Cowen reiterated its Lam Research Corp. [LRCX] rating to a Buy in a research note published on April 25, 2024; the price target was $1000. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”. Needham also remained covering LRCX and reiterated its “Buy” recommendation on April 18, 2024. Evercore ISI started covering the stock on April 16, 2024. It rated LRCX as “an Outperform”.
Price Performance Review of LRCX
On Friday, Lam Research Corp. [NASDAQ:LRCX] saw its stock jump 2.65% to $925.37. Over the last five days, the stock has gained 6.33%. Lam Research Corp. shares have risen nearly 18.14% since the year began. Nevertheless, the stocks have risen 86.04% over the past one year. While a 52-week high of $1007.39 was reached on 03/07/24, a 52-week low of $493.42 was recorded on 01/04/24. SMA at 50 days reached $942.51, while 200 days put it at $761.69. A total of 1.4 million shares were traded, compared to the trading of 90635.0 shares in the previous session.
Levels Of Support And Resistance For LRCX Stock
The 24-hour chart illustrates a support level at 905.48, which if violated will result in even more drops to 885.59. On the upside, there is a resistance level at 937.65. A further resistance level may holdings at 949.92. The Relative Strength Index (RSI) on the 14-day chart is 49.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.02%. Stochastics %K at 36.11% indicates the stock is a holding.
