nLIGHT Inc’s recent filing unveils that its Chief Financial Officer Corso Joseph John unloaded Company’s shares for reported $90832.0 on Jun 04 ’24. In the deal valued at $12.09 per share,7,513 shares were sold. As a result of this transaction, Corso Joseph John now holds 184,065 shares worth roughly $2.04 million.
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Then, Corso Joseph John sold 2,500 shares, generating $33,225 in total proceeds. Upon selling the shares at $13.29, the Chief Financial Officer now owns 191,578 shares.
Before that, MOORE GEOFFREY sold 38,796 shares. nLIGHT Inc shares valued at $509,795 were divested by the Director at a price of $13.14 per share. As a result of the transaction, MOORE GEOFFREY now holds 71,186 shares, worth roughly $0.79 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 fall -1.86% to $11.06. Over the last five days, the stock has lost -7.91%. nLIGHT Inc shares have fallen nearly -18.07% since the year began. Nevertheless, the stocks have fallen -26.85% over the past one year. While a 52-week high of $15.74 was reached on 02/16/24, a 52-week low of $8.13 was recorded on 04/22/24. SMA at 50 days reached $12.19, while 200 days put it at $12.02. A total of 0.2 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For LASR Stock
The 24-hour chart illustrates a support level at 10.97, which if violated will result in even more drops to 10.89. On the upside, there is a resistance level at 11.19. A further resistance level may holdings at 11.33. The Relative Strength Index (RSI) on the 14-day chart is 31.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.44%. Stochastics %K at 18.02% indicates the stock is a buying.
