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Onto Innovation Inc. (ONTO) Becoming More Attractive for Investors

In a filing, Onto Innovation Inc. revealed its CEO Plisinski Michael P unloaded Company’s shares for reported $7.02 million on Mar 20 ’24. In the deal valued at $175.48 per share,40,000 shares were sold. As a result of this transaction, Plisinski Michael P now holds 235,492 shares worth roughly $43.68 million.

Then, OH Yoon Ah sold 1,685 shares, generating $303,300 in total proceeds. Upon selling the shares at $180.00, the VP, General Counsel & Corp Sec now owns 14,913 shares.

Before that, OH Yoon Ah sold 2,685 shares. Onto Innovation Inc. shares valued at $467,083 were divested by the VP, General Counsel & Corp Sec at a price of $173.96 per share. As a result of the transaction, OH Yoon Ah now holds 16,598 shares, worth roughly $3.08 million.

Evercore ISI initiated its Onto Innovation Inc. [ONTO] rating to an Outperform in a research note published on April 16, 2024; the price target was $235. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Hold”. Jefferies began covering ONTO with “Buy” recommendation on April 21, 2023.

Price Performance Review of ONTO

On Tuesday, Onto Innovation Inc. [NYSE:ONTO] saw its stock fall -2.49% to $185.49. Over the last five days, the stock has gained 5.33%. Onto Innovation Inc. shares have risen nearly 21.31% since the year began. Nevertheless, the stocks have risen 129.06% over the past one year. While a 52-week high of $199.72 was reached on 03/04/24, a 52-week low of $80.17 was recorded on 01/05/24. SMA at 50 days reached $182.47, while 200 days put it at $146.59. A total of 0.76 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For ONTO Stock

The 24-hour chart illustrates a support level at 183.03, which if violated will result in even more drops to 180.57. On the upside, there is a resistance level at 190.27. A further resistance level may holdings at 195.05. The Relative Strength Index (RSI) on the 14-day chart is 53.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.37%. Stochastics %K at 85.64% indicates the stock is a selling.

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