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Taking a look at what insiders are doing to gauge the ON Semiconductor Corp. (ON)’s direction


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ON Semiconductor Corp. shares valued at $2,756,938 were sold by Thad Trent on Jun 11 ’24. At $72.55 per share, Thad Trent sold 38,000 shares. The insider’s holdings dropped to 331,829 shares worth approximately $24.06 million following the completion of this transaction.

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Also, MASCARENAS PAUL ANTHONY sold 911 shares, netting a total of over 67,833 in proceeds. Following the sale of shares at $74.46 each, the insider now holds 48,929 shares.

Before that, COLPITTS BERNARD RAYMOND JR had sold 1,005 shares from its account. In a trade valued at $97,103, the Chief Accounting Officer traded ON Semiconductor Corp. shares for $96.62 each. Upon closing the transaction, the insider’s holdings decreased to 1,005 shares, worth approximately $2.25 million.

As published in their initiating research note from Jefferies on May 13, 2024, ON Semiconductor Corp. [ON] has been a Buy and the price target has been revised to $100. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late April. As of April 19, 2024, Exane BNP Paribas has decreased its “Neutral” rating to a “an Underperform” for ON. Earlier on April 16, 2024, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for ON stock.

Analyzing ON Stock Performance

During the last five days, there has been a surge of approximately 6.37%. Over the course of the year, ON Semiconductor Corp. shares have dropped approximately -13.19%. Shares of the company reached a 52-week high of $85.16 on 03/07/24 and a 52-week low of $59.34 on 04/22/24. A 50-day SMA is recorded $71.12, while a 200-day SMA reached $75.92. Nevertheless, trading volume fell to 3.91 million shares from 5.8 million shares the previous day.

Support And Resistance Levels for ON Semiconductor Corp. (ON)

According to the 24-hour chart, there is a support level at 71.82, which, if violated, would cause prices to drop to 70.96. In the upper region, resistance lies at 74.07. The next price resistance is at 75.46. RSI (Relative Strength Index) is 55.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.62, which suggests the price will increase in the coming days. Percent R is at 40.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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