FormFactor Inc.’s filing revealed that its CEO SLESSOR MIKE unloaded Company’s shares for reported $0.17 million on May 01 ’24. In the deal valued at $43.75 per share,4,000 shares were sold. As a result of this transaction, SLESSOR MIKE now holds 491,781 shares worth roughly $26.56 million.
Then, SLESSOR MIKE sold 4,000 shares, generating $183,755 in total proceeds. Upon selling the shares at $45.94, the CEO now owns 495,781 shares.
Before that, Shahar Shai sold 10,000 shares. FormFactor Inc. shares valued at $445,122 were divested by the CFO, SVP Global Finance at a price of $44.51 per share. As a result of the transaction, Shahar Shai now holds 27,591 shares, worth roughly $1.49 million.
TD Cowen reiterated its FormFactor Inc. [FORM] rating to a Hold in a research note published on May 02, 2024; the price target was $48. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an In-line”‘ rating. TD Cowen also remained covering FORM and reiterated its “Market perform” recommendation on February 08, 2024. Northland Capital revised its rating on July 17, 2023. It rated FORM as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of FORM
On Friday, FormFactor Inc. [NASDAQ:FORM] saw its stock jump 4.35% to $54.00. Over the last five days, the stock has gained 20.67%. FormFactor Inc. shares have risen nearly 29.47% since the year began. Nevertheless, the stocks have risen 96.94% over the past one year. While a 52-week high of $51.90 was reached on 05/03/24, a 52-week low of $24.88 was recorded on 01/05/24. SMA at 50 days reached $44.24, while 200 days put it at $38.39. A total of 1.05 million shares were traded, compared to the trading of 1.82 million shares in the previous session.
Levels Of Support And Resistance For FORM Stock
The 24-hour chart illustrates a support level at 51.94, which if violated will result in even more drops to 49.89. On the upside, there is a resistance level at 55.16. A further resistance level may holdings at 56.33. The Relative Strength Index (RSI) on the 14-day chart is 73.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.92%. Stochastics %K at 87.92% indicates the stock is a selling.
