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Kulicke & Soffa Industries, Inc. [KLIC] Insider Chylak Robert Nestor sells 8,771 Shares

Kulicke & Soffa Industries, Inc.’s filing revealed that its Senior Vice President Chylak Robert Nestor unloaded Company’s shares for reported $0.43 million on Feb 14 ’24. In the deal valued at $48.97 per share,8,771 shares were sold. As a result of this transaction, Chylak Robert Nestor now holds 24,240 shares worth roughly $1.12 million.

Then, Wong Lester A sold 55,000 shares, generating $3,052,946 in total proceeds. Upon selling the shares at $55.51, the Chief Financial Officer now owns 121,702 shares.

Before that, Wong Nelson MunPun sold 10,000 shares. Kulicke & Soffa Industries, Inc. shares valued at $519,446 were divested by the Senior Vice President at a price of $51.94 per share. As a result of the transaction, Wong Nelson MunPun now holds 195,235 shares, worth roughly $9.04 million.

Craig Hallum upgraded its Kulicke & Soffa Industries, Inc. [KLIC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. B. Riley Securities also remained covering KLIC and has decreased its forecast on April 12, 2022 with a “Neutral” recommendation from previously “Buy” rating. Needham revised its rating on February 04, 2022. It rated KLIC as “a Hold” which previously was an “a Buy”.

Price Performance Review of KLIC

On Tuesday, Kulicke & Soffa Industries, Inc. [NASDAQ:KLIC] saw its stock fall -1.87% to $46.28. Over the last five days, the stock has gained 0.24%. Kulicke & Soffa Industries, Inc. shares have fallen nearly -15.42% since the year began. Nevertheless, the stocks have fallen -2.90% over the past one year. While a 52-week high of $60.20 was reached on 01/25/24, a 52-week low of $40.20 was recorded on 04/19/24. SMA at 50 days reached $48.33, while 200 days put it at $49.91. A total of 0.58 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For KLIC Stock

The 24-hour chart illustrates a support level at 45.86, which if violated will result in even more drops to 45.45. On the upside, there is a resistance level at 47.08. A further resistance level may holdings at 47.89. The Relative Strength Index (RSI) on the 14-day chart is 43.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.31%. Stochastics %K at 50.93% indicates the stock is a holding.

The most recent change occurred on September 24, 2021 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $78.

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