FormFactor Inc.’s filing revealed 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 $23.37 million.
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 $23.55 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 Monday, FormFactor Inc. [NASDAQ:FORM] saw its stock fall -1.61% to $44.07. Over the last five days, the stock has lost -0.11%. FormFactor Inc. shares have risen nearly 5.66% since the year began. Nevertheless, the stocks have risen 39.02% 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 $45.59, while 200 days put it at $48.06.
Levels Of Support And Resistance For FORM Stock
The 24-hour chart illustrates a support level at 43.49, which if violated will result in even more drops to 42.92. On the upside, there is a resistance level at 44.96. A further resistance level may holdings at 45.86. The Relative Strength Index (RSI) on the 14-day chart is 46.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.26%. Stochastics %K at 23.40% indicates the stock is a holding.
How much short interest is there in FormFactor Inc.?
A steep rise in short interest was recorded in FormFactor Inc. stocks on 2024-10-15, dropping by -0.55 million shares to a total of 1.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.37 million shares. There was a decline of -30.35%, which implies that there is a negative sentiment for the stock.
