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KLA Corp. [KLAC] EVP & Chief Financial Officer sales 1,019 shares for $0.8 million.

KLA Corp.’s filing revealed that its EVP & Chief Financial Officer Higgins Bren D. unloaded Company’s shares for reported $0.8 million on May 23 ’24. In the deal valued at $788.58 per share,1,019 shares were sold. As a result of this transaction, Higgins Bren D. now holds 31,356 shares worth roughly $26.31 million.

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Then, Khan Ahmad A. sold 7,833 shares, generating $5,953,080 in total proceeds. Upon selling the shares at $760.00, the President, Semi Proc. Control now owns 32,105 shares.

Before that, WALLACE RICHARD P sold 14,009 shares. KLA Corp. shares valued at $10,039,270 were divested by the President and CEO at a price of $716.63 per share. As a result of the transaction, WALLACE RICHARD P now holds 93,142 shares, worth roughly $78.16 million.

Barclays upgraded its KLA Corp. [KLAC] rating to an Equal weight from a an Underweight in a research note published on June 05, 2024; the price target was increased to $765 from $630. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. TD Cowen also remained covering KLAC and reiterated its “Hold” recommendation on April 26, 2024. Evercore ISI started covering the stock on April 16, 2024. It rated KLAC as “an Outperform”.

Price Performance Review of KLAC

On Tuesday, KLA Corp. [NASDAQ:KLAC] saw its stock jump 1.37% to $839.11. Over the last five days, the stock has gained 2.58%. KLA Corp. shares have risen nearly 44.35% since the year began. Nevertheless, the stocks have risen 73.01% over the past one year. While a 52-week high of $876.55 was reached on 06/18/24, a 52-week low of $440.15 was recorded on 01/05/24. SMA at 50 days reached $759.81, while 200 days put it at $625.78. A total of 0.54 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For KLAC Stock

The 24-hour chart illustrates a support level at 824.75, which if violated will result in even more drops to 810.39. On the upside, there is a resistance level at 846.72. A further resistance level may holdings at 854.33. The Relative Strength Index (RSI) on the 14-day chart is 61.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.98%. Stochastics%K at 53.14% indicates the stock is a holding.

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