In a filing, Lam Research Corp. revealed its CVP , Chief Accounting Officer Correia Christina unloaded Company’s shares for reported $0.53 million on Oct 01 ’24. In the deal valued at $817.51 per share,647 shares were sold. As a result of this transaction, Correia Christina now holds 4,267 shares worth roughly $0.34 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Correia Christina bought 647 shares, generating $528,929 in total proceeds.
Before that, Fernandes Neil J sold 1,620 shares. Lam Research Corp. shares valued at $1,712,324 were divested by the Senior Vice President at a price of $1056.99 per share. As a result of the transaction, Fernandes Neil J now holds 5,237 shares, worth roughly $0.42 million.
TD Cowen reiterated its Lam Research Corp. [LRCX] rating to a Buy in a research note published on August 01, 2024; the price target was $1050. 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. TD Cowen also remained covering LRCX and reiterated its “Buy” recommendation on April 25, 2024. B. Riley Securities revised its rating on April 19, 2024. It rated LRCX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of LRCX
On Monday, Lam Research Corp. [NASDAQ:LRCX] saw its stock fall -1.14% to $80.61. Over the last five days, the stock has lost -1.22%. Lam Research Corp. shares have risen nearly 2.92% since the year began. Nevertheless, the stocks have risen 28.80% over the past one year. While a 52-week high of $113.00 was reached on 07/11/24, a 52-week low of $57.44 was recorded on 09/10/24. SMA at 50 days reached $80.61, while 200 days put it at $89.62.
Levels Of Support And Resistance For LRCX Stock
The 24-hour chart illustrates a support level at 79.97, which if violated will result in even more drops to 79.34. On the upside, there is a resistance level at 81.33. A further resistance level may holdings at 82.06. The Relative Strength Index (RSI) on the 14-day chart is 50.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.66%. Stochastics %K at 53.68% indicates the stock is a holding.
How much short interest is there in Lam Research Corp.?
A steep rise in short interest was recorded in Lam Research Corp. stocks on 2024-09-13, dropping by -1.92 million shares to a total of 22.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 23.96 million shares. There was a decline of -8.7%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 18, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $1030.
