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Kulicke & Soffa Industries, Inc. [KLIC] Insider Activity: An Update for Investors

Kulicke & Soffa Industries, Inc.’s recently made public that its Director Kong Peter T M acquired Company’s shares for reported $47510.0 on May 06 ’24. In the deal valued at $47.51 per share,1,000 shares were bought. As a result of this transaction, Kong Peter T M now holds 92,072 shares worth roughly $4.44 million.

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Then, Chylak Robert Nestor sold 8,771 shares, generating $429,491 in total proceeds. Upon selling the shares at $48.97, the Senior Vice President now owns 24,240 shares.

Before that, Wong Lester A sold 55,000 shares. Kulicke & Soffa Industries, Inc. shares valued at $3,052,946 were divested by the Chief Financial Officer at a price of $55.51 per share. As a result of the transaction, Wong Lester A now holds 121,702 shares, worth roughly $5.87 million.

Craig Hallum upgraded its Kulicke & Soffa Industries, Inc. [KLIC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. B. Riley Securities also remained covering KLIC and has decreased its forecast on April 12, 2022 with a “Neutral” recommendation from previously “Buy” rating. Needham revised its rating on February 04, 2022. It rated KLIC as “a Hold” which previously was an “a Buy”.

Price Performance Review of KLIC

On Tuesday, Kulicke & Soffa Industries, Inc. [NASDAQ:KLIC] saw its stock jump 0.50% to $48.23. Over the last five days, the stock has gained 0.44%. Kulicke & Soffa Industries, Inc. shares have fallen nearly -11.86% since the year began. Nevertheless, the stocks have risen 2.99% over the past one year. While a 52-week high of $60.20 was reached on 01/25/24, a 52-week low of $40.20 was recorded on 05/01/24. SMA at 50 days reached $48.05, while 200 days put it at $49.38. A total of 0.4 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For KLIC Stock

The 24-hour chart illustrates a support level at 47.88, which if violated will result in even more drops to 47.54. On the upside, there is a resistance level at 48.55. A further resistance level may holdings at 48.87. The Relative Strength Index (RSI) on the 14-day chart is 54.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.73%. Stochastics %K at 83.66% indicates the stock is a selling.

The most recent change occurred on September 24, 2021 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $78.

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