Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FormFactor Inc. shares valued at $187,530 were sold by WHITE BRIAN C on May 20 ’24. At $57.00 per share, WHITE BRIAN C sold 3,290 shares. The insider’s holdings dropped to 11,828 shares worth approximately $0.7 million following the completion of this transaction.
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Also, MAIER LOTHAR sold 99,723 shares, netting a total of over 5,492,723 in proceeds. Following the sale of shares at $55.08 each, the insider now holds 6,770 shares.
Before that, St Dennis Thomas had sold 2,000 shares from its account. In a trade valued at $112,600, the Director traded FormFactor Inc. shares for $56.30 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $2.19 million.
As published in a research note from TD Cowen on May 02, 2024, FormFactor Inc. [FORM] has been retained to a Hold and the price target has been revised to $48. Analysts at Evercore ISI started covering the stock with ‘”an In-line”‘ outlook in a report released in mid April. As of February 08, 2024, TD Cowen has reiterated its “Market perform” rating for FORM. Earlier on July 17, 2023, Northland Capital downgraded its rating. Their new recommendation was “a Market perform” for FORM stock which previously was a “an Outperform”.
Analyzing FORM Stock Performance
During the last five days, there has been a surge of approximately 8.74%. Over the course of the year, FormFactor Inc. shares have jumped approximately 42.87%. Shares of the company reached a 52-week high of $60.67 on 05/22/24 and a 52-week low of $37.21 on 01/05/24. A 50-day SMA is recorded $47.55, while a 200-day SMA reached $39.75. Nevertheless, trading volume fell to 0.83 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for FormFactor Inc. (FORM)
According to the 24-hour chart, there is a support level at 58.72, which, if violated, would cause prices to drop to 57.85. In the upper region, resistance lies at 60.57. The next price resistance is at 61.54. RSI (Relative Strength Index) is 76.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.40, which suggests the price will increase in the coming days. Percent R is at 11.27%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
