Lam Research Corp.’s recent filing unveils that its Executive Vice President LORD PATRICK J unloaded Company’s shares for reported $55292.0 on Apr 29 ’24. In the deal valued at $921.54 per share,60 shares were sold. As a result of this transaction, LORD PATRICK J now holds 4,454 shares worth roughly $4.05 million.
Then, TALWALKAR ABHIJIT Y sold 882 shares, generating $857,330 in total proceeds. Upon selling the shares at $972.03, the Director now owns 10,541 shares.
Before that, Corrreia Christina sold 647 shares. Lam Research Corp. shares valued at $628,903 were divested by the CVP , Chief Accounting Officer at a price of $972.03 per share. As a result of the transaction, Corrreia Christina now holds 5,541 shares, worth roughly $5.03 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 2.81% to $908.53. Over the last five days, the stock has lost -1.82%. Lam Research Corp. shares have risen nearly 15.99% since the year began. Nevertheless, the stocks have risen 76.57% over the past one year. While a 52-week high of $1007.39 was reached on 03/07/24, a 52-week low of $507.19 was recorded on 01/04/24. SMA at 50 days reached $940.45, while 200 days put it at $767.94. A total of 0.82 million shares were traded, compared to the trading of 0.72 million shares in the previous session.
Levels Of Support And Resistance For LRCX Stock
The 24-hour chart illustrates a support level at 898.51, which if violated will result in even more drops to 888.49. On the upside, there is a resistance level at 915.58. A further resistance level may holdings at 922.63. The Relative Strength Index (RSI) on the 14-day chart is 47.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.34%. Stochastics %K at 25.24% indicates the stock is a holding.
