In a filing, Onto Innovation Inc. revealed 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 $3.72 million.
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Then, Slicer Mark sold 519 shares, generating $114,808 in total proceeds. Upon selling the shares at $221.21, the Chief Financial Officer now owns 12,552 shares.
Before that, Slicer Mark sold 519 shares. Onto Innovation Inc. shares valued at $112,711 were divested by the Chief Financial Officer at a price of $217.17 per share. As a result of the transaction, Slicer Mark now holds 12,033 shares, worth roughly $2.57 million.
Needham upgraded its Onto Innovation Inc. [ONTO] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. B. Riley Securities also remained covering ONTO and reiterated its “Buy” recommendation on May 10, 2024. Evercore ISI started covering the stock on April 16, 2024. It rated ONTO as “an Outperform”.
Price Performance Review of ONTO
On Friday, Onto Innovation Inc. [NYSE:ONTO] saw its stock jump 1.99% to $213.22. Over the last five days, the stock has gained 0.12%. Onto Innovation Inc. shares have risen nearly 39.45% since the year began. Nevertheless, the stocks have risen 55.95% over the past one year. While a 52-week high of $238.93 was reached on 07/16/24, a 52-week low of $108.98 was recorded on 01/05/24. SMA at 50 days reached $206.25, while 200 days put it at $184.69.
Levels Of Support And Resistance For ONTO Stock
The 24-hour chart illustrates a support level at 210.62, which if violated will result in even more drops to 208.02. On the upside, there is a resistance level at 215.36. A further resistance level may holdings at 217.50. The Relative Strength Index (RSI) on the 14-day chart is 56.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.92%. Stochastics %K at 70.25% indicates the stock is a holding.
How much short interest is there in Onto Innovation Inc.?
A steep rise in short interest was recorded in Onto Innovation Inc. stocks on 2024-08-15, dropping by -0.11 million shares to a total of 0.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.82 million shares. There was a decline of -15.41%, which implies that there is a negative sentiment for the stock.
