nLIGHT Inc’s filing revealed that its Chief Financial Officer Corso Joseph John unloaded Company’s shares for reported $0.17 million on Mar 18 ’24. In the deal valued at $12.26 per share,14,105 shares were sold. As a result of this transaction, Corso Joseph John now holds 146,601 shares worth roughly $1.88 million.
Then, Keeney Scott H sold 84,516 shares, generating $1,187,450 in total proceeds. Upon selling the shares at $14.05, the President and CEO now owns 1,255,514 shares.
Before that, Corso Joseph John sold 26,242 shares. nLIGHT Inc shares valued at $347,444 were divested by the Chief Financial Officer at a price of $13.24 per share. As a result of the transaction, Corso Joseph John now holds 166,834 shares, worth roughly $2.13 million.
The Benchmark Company upgraded its nLIGHT Inc [LASR] rating to a Speculative buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Buy”‘ rating for it. CL King began covering LASR with “Neutral” recommendation on June 01, 2023.
Price Performance Review of LASR
On Tuesday, nLIGHT Inc [NASDAQ:LASR] saw its stock jump 1.35% to $12.79. Over the last five days, the stock has gained 12.29%. nLIGHT Inc shares have fallen nearly -5.26% since the year began. Nevertheless, the stocks have risen 0.31% over the past one year. While a 52-week high of $15.91 was reached on 02/16/24, a 52-week low of $8.13 was recorded on 04/22/24. SMA at 50 days reached $12.23, while 200 days put it at $11.91. A total of 0.26 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For LASR Stock
The 24-hour chart illustrates a support level at 12.61, which if violated will result in even more drops to 12.44. On the upside, there is a resistance level at 12.91. A further resistance level may holdings at 13.04. The Relative Strength Index (RSI) on the 14-day chart is 65.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.44%. Stochastics %K at 83.12% indicates the stock is a selling.
