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.
Oppenheimer initiated its KLA Corp. [KLAC] rating to a Perform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Hold”‘ rating for it. Citigroup also remained covering KLAC and reiterated its “Buy” recommendation on July 15, 2024. Barclays revised its rating on June 05, 2024. It rated KLAC as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of KLAC
On Friday, KLA Corp. [NASDAQ:KLAC] saw its stock jump 0.72% to $803.73. Over the last five days, the stock has gained 2.08%. KLA Corp. shares have risen nearly 38.26% since the year began. Nevertheless, the stocks have risen 66.53% over the past one year. While a 52-week high of $896.32 was reached on 07/11/24, a 52-week low of $452.01 was recorded on 01/05/24. SMA at 50 days reached $769.26, while 200 days put it at $723.77.
Levels Of Support And Resistance For KLAC Stock
The 24-hour chart illustrates a support level at 795.46, which if violated will result in even more drops to 787.18. On the upside, there is a resistance level at 809.21. A further resistance level may holdings at 814.69. The Relative Strength Index (RSI) on the 14-day chart is 57.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.09%. Stochastics %K at 73.78% 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 2024-09-30, dropping by -0.26 million shares to a total of 2.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.7 million shares. There was a decline of -10.45%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 13, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $820 price target.
