KLA Corp.’s recent filing unveils that its Officer Donzella Oreste acquired Company’s shares for reported $1.5 million on Sep 05 ’24. In the deal valued at $725.78 per share,2,071 shares were bought.
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Then, Khan Ahmad A. sold 9,676 shares, generating $7,919,903 in total proceeds. Upon selling the shares at $818.51, the President, Semi Proc. Control now owns 32,176 shares.
Before that, Khan Ahmad A. bought 9,676 shares. KLA Corp. shares valued at $7,919,903 were divested by the Officer at a price of $818.51 per share.
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 Monday, KLA Corp. [NASDAQ:KLAC] saw its stock fall -2.01% to $736.40. Over the last five days, the stock has gained 3.73%. KLA Corp. shares have risen nearly 26.68% since the year began. Nevertheless, the stocks have risen 53.45% 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 $783.44, while 200 days put it at $703.36.
Levels Of Support And Resistance For KLAC Stock
The 24-hour chart illustrates a support level at 727.37, which if violated will result in even more drops to 718.34. On the upside, there is a resistance level at 744.21. A further resistance level may holdings at 752.02. The Relative Strength Index (RSI) on the 14-day chart is 44.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.05%. Stochastics %K at 34.05% indicates the stock is a holding.
How much short interest is there in KLA Corp.?
A steep rise in short interest was recorded in KLA Corp. stocks on 2024-08-30, growing by 0.68 million shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.01 million shares. There was a rise of 25.37%, which implies that there is a positive sentiment for the stock.
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.
