SkyWater Technology Inc’s filing revealed that its Director FARES NANCY unloaded Company’s shares for reported $70508.0 on Jun 14 ’24. In the deal valued at $7.97 per share,8,850 shares were sold. As a result of this transaction, FARES NANCY now holds 32,073 shares worth roughly $0.32 million.
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Then, GRAVES GREGORY B sold 5,432 shares, generating $44,013 in total proceeds. Upon selling the shares at $8.10, the Director now owns 14,844 shares.
Before that, Unterseher Loren A sold 368,709 shares. SkyWater Technology Inc shares valued at $4,475,456 were divested by the Director at a price of $12.14 per share. As a result of the transaction, Unterseher Loren A now holds 13,022,293 shares, worth roughly $131.39 million.
TD Cowen reiterated its SkyWater Technology Inc [SKYT] rating to an Outperform in a research note published on February 27, 2024; the price target was $15. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it. Craig Hallum began covering SKYT with “Buy” recommendation on April 26, 2022. Jefferies revised its rating on August 05, 2021. It rated SKYT as “a Hold” which previously was an “a Buy”.
Price Performance Review of SKYT
On Friday, SkyWater Technology Inc [NASDAQ:SKYT] saw its stock jump 4.78% to $10.09. Over the last five days, the stock has gained 21.71%. SkyWater Technology Inc shares have risen nearly 4.89% since the year began. Nevertheless, the stocks have risen 46.02% over the past one year. While a 52-week high of $12.97 was reached on 03/08/24, a 52-week low of $4.73 was recorded on 08/05/24. SMA at 50 days reached $7.69, while 200 days put it at $8.55.
Levels Of Support And Resistance For SKYT Stock
The 24-hour chart illustrates a support level at 9.47, which if violated will result in even more drops to 8.86. On the upside, there is a resistance level at 10.60. A further resistance level may holdings at 11.12. The Relative Strength Index (RSI) on the 14-day chart is 68.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.42%. Stochastics%K at 92.68% indicates the stock is a selling.
How much short interest is there in SkyWater Technology Inc?
A steep rise in short interest was recorded in SkyWater Technology Inc stocks on 2024-07-31, growing by 0.26 million shares to a total of 1.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.73 million shares. There was a rise of 13.19%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 16, 2021 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
