The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. FormFactor Inc. shares valued at $185,237 were sold by SLESSOR MIKE on Sep 03 ’24. At $46.31 per share, SLESSOR MIKE sold 4,000 shares. The insider’s holdings dropped to 534,276 shares worth approximately $22.89 million following the completion of this transaction.
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Also, MIKE SLESSOR purchased 4,000 shares, netting a total of over 185,237 in proceeds.
Before that, Titinger Jorge had sold 6,770 shares from its account. In a trade valued at $283,951, the Director traded FormFactor Inc. shares for $41.94 each. Upon closing the transaction, the insider’s holdings decreased to 6,770 shares, worth approximately $0.56 million.
As published in a research note from TD Cowen on August 01, 2024, FormFactor Inc. [FORM] has been retained to a Hold and the price target has been revised to $60. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early May. As of April 16, 2024, Evercore ISI has initiated its “an In-line” rating for FORM. Earlier on February 08, 2024, TD Cowen resumed its rating. Their recommendation was “a Market perform” for FORM stock.
Analyzing FORM Stock Performance
During the last five days, there has been a drop of approximately -2.44%. Over the course of the year, FormFactor Inc. shares have jumped approximately 2.71%. Shares of the company reached a 52-week high of $63.63 on 07/08/24 and a 52-week low of $37.21 on 01/05/24. A 50-day SMA is recorded $49.27, while a 200-day SMA reached $47.24. Nevertheless, trading volume fell to 0.64 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for FormFactor Inc. (FORM)
According to the 24-hour chart, there is a support level at 42.15, which, if violated, would cause prices to drop to 41.46. In the upper region, resistance lies at 43.92. The next price resistance is at 44.99. RSI (Relative Strength Index) is 41.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.18, which suggests the price will decrease in the coming days. Percent R is at 80.02%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
