Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kulicke & Soffa Industries, Inc. shares valued at $47,510 were purchased by Kong Peter T M on May 06 ’24. At $47.51 per share, Kong Peter T M acquired 1,000 shares. The insider’s holdings grew to 92,072 shares worth approximately $4.1 million following the completion of this transaction.
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Also, Chylak Robert Nestor sold 8,771 shares, netting a total of over 429,491 in proceeds. Following the sale of shares at $48.97 each, the insider now holds 24,240 shares.
Before that, Wong Lester A had sold 55,000 shares from its account. In a trade valued at $3,052,946, the Chief Financial Officer traded Kulicke & Soffa Industries, Inc. shares for $55.51 each. Upon closing the transaction, the insider’s holdings decreased to 55,000 shares, worth approximately $5.42 million.
As published in a research note from TD Cowen on August 08, 2024, Kulicke & Soffa Industries, Inc. [KLIC] has been retained to a Hold and the price target has been revised to $45. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of August 10, 2023, Craig Hallum has decreased its “Buy” rating to a “Hold” for KLIC. Earlier on April 12, 2022, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for KLIC stock which previously was a “a Buy”.
Analyzing KLIC Stock Performance
During the last five days, there has been a surge of approximately 0.20%. Over the course of the year, Kulicke & Soffa Industries, Inc. shares have dropped approximately -18.60%. Shares of the company reached a 52-week high of $56.71 on 01/25/24 and a 52-week low of $38.20 on 09/06/24. A 50-day SMA is recorded $42.48, while a 200-day SMA reached $46.91. Nevertheless, trading volume fell to 0.5 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Kulicke & Soffa Industries, Inc. (KLIC)
According to the 24-hour chart, there is a support level at 44.15, which, if violated, would cause prices to drop to 43.77. In the upper region, resistance lies at 45.01. The next price resistance is at 45.49. RSI (Relative Strength Index) is 53.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 66.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
