In a filing, KLA Corp. revealed its EVP & Chief Financial Officer Higgins Bren D. unloaded Company’s shares for reported $4.95 million on Mar 26 ’24. In the deal valued at $705.04 per share,7,018 shares were sold. As a result of this transaction, Higgins Bren D. now holds 32,375 shares worth roughly $23.26 million.
Then, Donzella Oreste sold 3,257 shares, generating $2,272,897 in total proceeds. Upon selling the shares at $697.85, the Executive Vice President now owns 16,922 shares.
Before that, Wilkinson Mary Beth sold 430 shares. KLA Corp. shares valued at $236,500 were divested by the EVP, CLO and Secretary at a price of $550.00 per share. As a result of the transaction, Wilkinson Mary Beth now holds 6,364 shares, worth roughly $4.57 million.
TD Cowen reiterated its KLA Corp. [KLAC] rating to a Hold in a research note published on April 26, 2024; the price target was $700. 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 Outperform”‘ rating. Susquehanna revised its rating on January 29, 2024. It rated KLAC as “a Neutral” which previously was an “a Positive”.
Price Performance Review of KLAC
On Monday, KLA Corp. [NASDAQ:KLAC] saw its stock jump 3.13% to $718.38. Over the last five days, the stock has gained 0.62%. KLA Corp. shares have risen nearly 23.58% since the year began. Nevertheless, the stocks have risen 92.48% over the past one year. While a 52-week high of $729.15 was reached on 03/07/24, a 52-week low of $369.66 was recorded on 01/05/24. SMA at 50 days reached $688.41, while 200 days put it at $568.86. A total of 0.76 million shares were traded, compared to the trading of 0.82 million shares in the previous session.
Levels Of Support And Resistance For KLAC Stock
The 24-hour chart illustrates a support level at 704.75, which if violated will result in even more drops to 691.12. On the upside, there is a resistance level at 725.36. A further resistance level may holdings at 732.33. The Relative Strength Index (RSI) on the 14-day chart is 58.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 26.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.33%. Stochastics %K at 79.86% indicates the stock is a holding.
The most recent change occurred on January 26, 2024 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $650.
