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Onto Innovation Inc. [ONTO] Insider Activity: An Update for Investors

Onto Innovation Inc.’s recently made public that its SVP, Customer Success Vedula Srinivas unloaded Company’s shares for reported $0.32 million on Jun 10 ’24. In the deal valued at $213.40 per share,1,486 shares were sold. As a result of this transaction, Vedula Srinivas now holds 17,433 shares worth roughly $4.05 million.

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Then, Slicer Mark sold 519 shares, generating $112,711 in total proceeds. Upon selling the shares at $217.17, the Chief Financial Officer now owns 12,033 shares.

Before that, Slicer Mark sold 519 shares. Onto Innovation Inc. shares valued at $114,808 were divested by the Chief Financial Officer at a price of $221.21 per share. As a result of the transaction, Slicer Mark now holds 12,552 shares, worth roughly $2.92 million.

Jefferies initiated its Onto Innovation Inc. [ONTO] rating to a Buy in a research note published on May 13, 2024; the price target was $265. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Evercore ISI began covering ONTO with “an Outperform” recommendation on April 16, 2024. Needham revised its rating on June 14, 2023. It rated ONTO as “a Hold” which previously was an “a Buy”.

Price Performance Review of ONTO

On Monday, Onto Innovation Inc. [NYSE:ONTO] saw its stock jump 1.76% to $232.42. Over the last five days, the stock has gained 5.86%. Onto Innovation Inc. shares have risen nearly 52.01% since the year began. Nevertheless, the stocks have risen 113.07% over the past one year. While a 52-week high of $238.13 was reached on 05/23/24, a 52-week low of $103.93 was recorded on 01/05/24. SMA at 50 days reached $217.15, while 200 days put it at $169.66. A total of 0.75 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For ONTO Stock

The 24-hour chart illustrates a support level at 229.65, which if violated will result in even more drops to 226.87. On the upside, there is a resistance level at 235.10. A further resistance level may holdings at 237.77. The Relative Strength Index (RSI) on the 14-day chart is 61.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.42%. Stochastics%K at 83.87% indicates the stock is a selling.

The most recent change occurred on April 21, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $100 price target.

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