Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KLA Corp. shares valued at $1,503,090 were purchased by Donzella Oreste on Sep 05 ’24. At $725.78 per share, Donzella Oreste acquired 2,071 shares.
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Also, Khan Ahmad A. sold 9,676 shares, netting a total of over 7,919,903 in proceeds. Following the sale of shares at $818.51 each, the insider now holds 32,176 shares.
Before that, Khan Ahmad A. had added 9,676 shares to its account. In a trade valued at $7,919,903, the Officer bought KLA Corp. shares for $818.51 each.
As published in their initiating research note from Oppenheimer on September 25, 2024, KLA Corp. [KLAC] has been a Perform. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late July. As of July 15, 2024, Citigroup has reiterated its “Buy” rating for KLAC. Earlier on June 05, 2024, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for KLAC stock which previously was a “an Underweight”.
Analyzing KLAC Stock Performance
During the last five days, there has been a surge of approximately 0.69%. Over the course of the year, KLA Corp. shares have jumped approximately 33.73%. Shares of the company reached a 52-week high of $896.32 on 07/11/24 and a 52-week low of $542.41 on 01/05/24. A 50-day SMA is recorded $767.04, while a 200-day SMA reached $716.39. Nevertheless, trading volume fell to 0.7 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for KLA Corp. (KLAC)
According to the 24-hour chart, there is a support level at 759.09, which, if violated, would cause prices to drop to 740.83. In the upper region, resistance lies at 791.53. The next price resistance is at 805.71. RSI (Relative Strength Index) is 52.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.21, which suggests the price will increase in the coming days. Percent R is at 46.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
