Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. nLIGHT Inc shares valued at $160,350 were sold by Keeney Scott H on Sep 17 ’24. At $10.69 per share, Keeney Scott H sold 15,000 shares. The insider’s holdings dropped to 1,347,781 shares worth approximately $14.64 million following the completion of this transaction.
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Also, Keeney Scott H sold 15,000 shares, netting a total of over 159,750 in proceeds. Following the sale of shares at $10.65 each, the insider now holds 1,347,781 shares.
Before that, Keeney Scott H had added 15,000 shares to its account. In a trade valued at $160,800, the Officer bought nLIGHT Inc shares for $10.72 each.
As published in a research note from The Benchmark Company on November 28, 2023, nLIGHT Inc [LASR] has been rated up from a Hold to a Speculative buy and the price target has been revised to $17. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of June 01, 2023, CL King has initiated its “Neutral” rating for LASR.
Analyzing LASR Stock Performance
During the last five days, there has been a surge of approximately 1.88%. Over the course of the year, nLIGHT Inc shares have dropped approximately -19.56%. Shares of the company reached a 52-week high of $14.75 on 02/16/24 and a 52-week low of $9.80 on 08/05/24. A 50-day SMA is recorded $11.44, while a 200-day SMA reached $12.37. Nevertheless, trading volume fell to 0.63 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for nLIGHT Inc (LASR)
According to the 24-hour chart, there is a support level at 10.65, which, if violated, would cause prices to drop to 10.44. In the upper region, resistance lies at 11.06. The next price resistance is at 11.25. RSI (Relative Strength Index) is 45.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 69.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
