KLA Corp.’s recent filing unveils that its Officer Donzella Oreste acquired Company’s shares for reported $2.34 million on Oct 15 ’24. In the deal valued at $825.52 per share,2,837 shares were bought.
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Then, Donzella Oreste bought 2,071 shares, generating $1,503,090 in total proceeds.
Before that, Khan Ahmad A. sold 9,676 shares. KLA Corp. shares valued at $7,919,903 were divested by the President, Semi Proc. Control at a price of $818.51 per share. As a result of the transaction, Khan Ahmad A. now holds 32,176 shares, worth roughly $21.66 million.
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 1.04% to $673.07. Over the last five days, the stock has lost -0.80%. KLA Corp. shares have risen nearly 15.79% since the year began. Nevertheless, the stocks have risen 47.98% 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 $757.70, while 200 days put it at $730.16.
Levels Of Support And Resistance For KLAC Stock
The 24-hour chart illustrates a support level at 666.43, which if violated will result in even more drops to 659.80. On the upside, there is a resistance level at 681.27. A further resistance level may holdings at 689.48. The Relative Strength Index (RSI) on the 14-day chart is 36.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -53.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.67%. Stochastics %K at 7.46% indicates the stock is a buying.
How much short interest is there in KLA Corp.?
A steep rise in short interest was recorded in KLA Corp. stocks on 2024-10-15, growing by 81847.0 shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.45 million shares. There was a rise of 3.23%, which implies that there is a positive 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.
