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The Attractiveness of Investing In FormFactor Inc. (FORM) is Growing

In a filing, FormFactor Inc. revealed its CEO SLESSOR MIKE unloaded Company’s shares for reported $0.24 million on Jul 01 ’24. In the deal valued at $59.00 per share,4,000 shares were sold. As a result of this transaction, SLESSOR MIKE now holds 487,581 shares worth roughly $30.11 million.

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Then, SLESSOR MIKE sold 4,000 shares, generating $217,498 in total proceeds. Upon selling the shares at $54.37, the CEO now owns 491,581 shares.

Before that, Obregon-Jimenez Rebeca sold 4,833 shares. FormFactor Inc. shares valued at $278,329 were divested by the Director at a price of $57.59 per share. As a result of the transaction, Obregon-Jimenez Rebeca now holds 10,598 shares, worth roughly $0.65 million.

TD Cowen reiterated its FormFactor Inc. [FORM] rating to a Hold in a research note published on May 02, 2024; the price target was $48. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an In-line”‘ rating. TD Cowen also remained covering FORM and reiterated its “Market perform” recommendation on February 08, 2024. Northland Capital revised its rating on July 17, 2023. It rated FORM as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of FORM

On Tuesday, FormFactor Inc. [NASDAQ:FORM] saw its stock fall -0.29% to $61.76. Over the last five days, the stock has gained 1.38%. FormFactor Inc. shares have risen nearly 48.07% since the year began. Nevertheless, the stocks have risen 92.76% over the past one year. While a 52-week high of $63.62 was reached on 07/08/24, a 52-week low of $29.50 was recorded on 01/05/24. SMA at 50 days reached $56.26, while 200 days put it at $43.68. A total of 0.4 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For FORM Stock

The 24-hour chart illustrates a support level at 61.21, which if violated will result in even more drops to 60.65. On the upside, there is a resistance level at 62.65. A further resistance level may holdings at 63.53. The Relative Strength Index (RSI) on the 14-day chart is 66.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.48%. Stochastics%K at 82.61% indicates the stock is a selling.

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