Silicon Laboratories Inc’s recent filing unveils that its President & CEO Johnson Robert Matthew unloaded Company’s shares for reported $0.9 million on Jun 03 ’24. In the deal valued at $123.80 per share,7,230 shares were sold. As a result of this transaction, Johnson Robert Matthew now holds 47,910 shares worth roughly $4.85 million.
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Then, Johnson Robert Matthew sold 3,679 shares, generating $398,141 in total proceeds. Upon selling the shares at $108.22, the President & CEO now owns 31,050 shares.
Before that, Johnson Robert Matthew sold 3,534 shares. Silicon Laboratories Inc shares valued at $407,223 were divested by the President & CEO at a price of $115.23 per share. As a result of the transaction, Johnson Robert Matthew now holds 34,729 shares, worth roughly $3.51 million.
Needham upgraded its Silicon Laboratories Inc [SLAB] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Buy”‘ rating for it. Summit Insights also remained covering SLAB and has decreased its forecast on April 24, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on February 08, 2024. It rated SLAB as “an Outperform”.
Price Performance Review of SLAB
On Tuesday, Silicon Laboratories Inc [NASDAQ:SLAB] saw its stock jump 2.67% to $101.18. Over the last five days, the stock has gained 0.91%. Silicon Laboratories Inc shares have fallen nearly -23.50% since the year began. Nevertheless, the stocks have fallen -25.98% over the past one year. While a 52-week high of $154.91 was reached on 03/07/24, a 52-week low of $74.56 was recorded on 08/07/24. SMA at 50 days reached $113.92, while 200 days put it at $121.33.
Levels Of Support And Resistance For SLAB Stock
The 24-hour chart illustrates a support level at 99.33, which if violated will result in even more drops to 97.48. On the upside, there is a resistance level at 102.50. A further resistance level may holdings at 103.82. The Relative Strength Index (RSI) on the 14-day chart is 40.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.55%. Stochastics%K at 19.25% indicates the stock is a buying.
How much short interest is there in Silicon Laboratories Inc?
A steep rise in short interest was recorded in Silicon Laboratories Inc stocks on
The most recent change occurred on December 08, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $145 price target.
