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Investing in FormFactor Inc. (FORM) Is Getting More Attractive

In a filing, FormFactor Inc. revealed its CEO SLESSOR MIKE unloaded Company’s shares for reported $0.18 million on Apr 01 ’24. In the deal valued at $45.94 per share,4,000 shares were sold. As a result of this transaction, SLESSOR MIKE now holds 495,781 shares worth roughly $22.11 million.

Then, Shahar Shai sold 10,000 shares, generating $445,122 in total proceeds. Upon selling the shares at $44.51, the CFO, SVP Global Finance now owns 27,591 shares.

Before that, SLESSOR MIKE sold 4,000 shares. FormFactor Inc. shares valued at $173,518 were divested by the CEO at a price of $43.38 per share. As a result of the transaction, SLESSOR MIKE now holds 499,781 shares, worth roughly $22.29 million.

Evercore ISI initiated its FormFactor Inc. [FORM] rating to an In-line in a research note published on April 16, 2024; the price target was $50. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Market perform”‘ rating for it. Northland Capital also remained covering FORM and has decreased its forecast on July 17, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Citigroup revised its rating on April 03, 2023. It rated FORM as “a Neutral” which previously was an “a Buy”.

Price Performance Review of FORM

On Tuesday, FormFactor Inc. [NASDAQ:FORM] saw its stock fall -2.06% to $44.59. Over the last five days, the stock has gained 7.68%. FormFactor Inc. shares have risen nearly 6.90% since the year began. Nevertheless, the stocks have risen 63.27% over the past one year. While a 52-week high of $47.94 was reached on 04/09/24, a 52-week low of $24.88 was recorded on 01/05/24. SMA at 50 days reached $43.68, while 200 days put it at $38.19. A total of 0.84 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For FORM Stock

The 24-hour chart illustrates a support level at 44.14, which if violated will result in even more drops to 43.68. On the upside, there is a resistance level at 45.46. A further resistance level may holdings at 46.32. The Relative Strength Index (RSI) on the 14-day chart is 53.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.74%. Stochastics %K at 71.38% indicates the stock is a holding.

The most recent change occurred on January 13, 2023 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating .

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