Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. nLIGHT Inc shares valued at $90,832 were sold by Corso Joseph John on Jun 04 ’24. At $12.09 per share, Corso Joseph John sold 7,513 shares. The insider’s holdings dropped to 184,065 shares worth approximately $2.05 million following the completion of this transaction.
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Also, Corso Joseph John sold 2,500 shares, netting a total of over 33,225 in proceeds. Following the sale of shares at $13.29 each, the insider now holds 191,578 shares.
Before that, MOORE GEOFFREY had sold 38,796 shares from its account. In a trade valued at $509,795, the Director traded nLIGHT Inc shares for $13.14 each. Upon closing the transaction, the insider’s holdings decreased to 38,796 shares, worth approximately $0.79 million.
As published in a research note from The Benchmark Company on November 28, 2023, nLIGHT Inc [LASR] has been rated up from a Hold to a Speculative buy and the price target has been revised to $17. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of June 01, 2023, CL King has initiated its “Neutral” rating for LASR.
Analyzing LASR Stock Performance
During the last five days, there has been a drop of approximately -0.62%. Over the course of the year, nLIGHT Inc shares have dropped approximately -17.48%. Shares of the company reached a 52-week high of $14.75 on 02/16/24 and a 52-week low of $10.53 on 04/22/24. A 50-day SMA is recorded $12.19, while a 200-day SMA reached $12.03. Nevertheless, trading volume fell to 92023.0 shares from 0.49 million shares the previous day.
Support And Resistance Levels for nLIGHT Inc (LASR)
According to the 24-hour chart, there is a support level at 10.88, which, if violated, would cause prices to drop to 10.61. In the upper region, resistance lies at 11.28. The next price resistance is at 11.41. RSI (Relative Strength Index) is 38.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 70.44%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
