In a filing, KLA Corp. revealed its SVP & Chief Accounting Officer Kirloskar Virendra A unloaded Company’s shares for reported $36054.0 on Jul 02 ’24. In the deal valued at $819.40 per share,44 shares were sold. As a result of this transaction, Kirloskar Virendra A now holds 3,700 shares worth roughly $2.58 million.
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Then, Lorig Brian sold 44 shares, generating $36,054 in total proceeds. Upon selling the shares at $819.40, the Executive Vice President now owns 14,211 shares.
Before that, Higgins Bren D. sold 1,019 shares. KLA Corp. shares valued at $803,563 were divested by the EVP & Chief Financial Officer at a price of $788.58 per share. As a result of the transaction, Higgins Bren D. now holds 31,356 shares, worth roughly $21.83 million.
TD Cowen reiterated its KLA Corp. [KLAC] rating to a Hold in a research note published on July 25, 2024; the price target was $760. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in mid July has reiterated a ‘”a Buy”‘ rating for it. Barclays also remained covering KLAC and has increased its forecast on June 05, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. Jefferies started covering the stock on May 13, 2024. It rated KLAC as “a Buy”.
Price Performance Review of KLAC
On Friday, KLA Corp. [NASDAQ:KLAC] saw its stock fall -7.93% to $696.17. Over the last five days, the stock has lost -11.59%. KLA Corp. shares have risen nearly 19.76% since the year began. Nevertheless, the stocks have risen 39.35% over the past one year. While a 52-week high of $896.32 was reached on 07/11/24, a 52-week low of $440.15 was recorded on 01/05/24. SMA at 50 days reached $805.05, while 200 days put it at $664.07. A total of 2.07 million shares were traded, compared to the trading of 2.21 million shares in the previous session.
Levels Of Support And Resistance For KLAC Stock
The 24-hour chart illustrates a support level at 680.84, which if violated will result in even more drops to 665.50. On the upside, there is a resistance level at 718.29. A further resistance level may holdings at 740.40. The Relative Strength Index (RSI) on the 14-day chart is 36.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -22.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.28%. Stochastics%K at 22.78% indicates the stock is a holding.
The most recent change occurred on April 26, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $700.
