FormFactor Inc.’s recently made public that its CEO SLESSOR MIKE unloaded Company’s shares for reported $0.18 million on Oct 01 ’24. In the deal valued at $45.28 per share,4,000 shares were sold. As a result of this transaction, SLESSOR MIKE now holds 530,276 shares worth roughly $23.28 million.
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Then, MIKE SLESSOR bought 4,000 shares, generating $181,129 in total proceeds.
Before that, SLESSOR MIKE sold 4,000 shares. FormFactor Inc. shares valued at $185,237 were divested by the CEO at a price of $46.31 per share. As a result of the transaction, SLESSOR MIKE now holds 534,276 shares, worth roughly $23.46 million.
TD Cowen reiterated its FormFactor Inc. [FORM] rating to a Hold in a research note published on August 01, 2024; the price target was $60. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Hold”‘ rating for it. Evercore ISI began covering FORM with “an In-line” recommendation on April 16, 2024. TD Cowen maintained its rating on February 08, 2024. It rated FORM as “a Market perform”.
Price Performance Review of FORM
On Friday, FormFactor Inc. [NASDAQ:FORM] saw its stock fall -0.54% to $43.91. Over the last five days, the stock has lost -9.01%. FormFactor Inc. shares have risen nearly 5.27% since the year began. Nevertheless, the stocks have risen 25.17% over the past one year. While a 52-week high of $63.62 was reached on 07/08/24, a 52-week low of $31.51 was recorded on 01/05/24. SMA at 50 days reached $45.91, while 200 days put it at $47.90.
Levels Of Support And Resistance For FORM Stock
The 24-hour chart illustrates a support level at 43.33, which if violated will result in even more drops to 42.76. On the upside, there is a resistance level at 44.92. A further resistance level may holdings at 45.94. The Relative Strength Index (RSI) on the 14-day chart is 44.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.30%. Stochastics %K at 3.91% indicates the stock is a buying.
How much short interest is there in FormFactor Inc.?
A steep rise in short interest was recorded in FormFactor Inc. stocks on 2024-09-30, dropping by -0.14 million shares to a total of 2.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.22 million shares. There was a decline of -6.82%, which implies that there is a negative sentiment for the stock.
