nLIGHT Inc’s recent filing unveils that its President and CEO Keeney Scott H unloaded Company’s shares for reported $0.17 million on Oct 17 ’24. In the deal valued at $11.20 per share,15,000 shares were sold. As a result of this transaction, Keeney Scott H now holds 1,347,781 shares worth roughly $17.83 million.
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Then, Keeney Scott H sold 15,000 shares, generating $166,200 in total proceeds. Upon selling the shares at $11.08, the President and CEO now owns 1,347,781 shares.
Before that, Keeney Scott H bought 15,000 shares. nLIGHT Inc shares valued at $166,156 were divested by the Officer at a price of $11.08 per share.
Cantor Fitzgerald initiated its nLIGHT Inc [LASR] rating to an Overweight in a research note published on October 03, 2024; the price target was $15.50. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who increased its forecast for the stock in late November from “a Hold” to “a Speculative buy”. Needham also remained covering LASR and reiterated its “Buy” recommendation on November 28, 2023. CL King started covering the stock on June 01, 2023. It rated LASR as “a Neutral”.
Price Performance Review of LASR
On Monday, nLIGHT Inc [NASDAQ:LASR] saw its stock jump 28.07% to $13.23. Over the last five days, the stock has gained 19.19%. nLIGHT Inc shares have fallen nearly -2.00% since the year began. Nevertheless, the stocks have risen 60.75% over the past one year. While a 52-week high of $15.00 was reached on 02/16/24, a 52-week low of $8.13 was recorded on 08/05/24. SMA at 50 days reached $11.04, while 200 days put it at $12.03.
Levels Of Support And Resistance For LASR Stock
The 24-hour chart illustrates a support level at 11.38, which if violated will result in even more drops to 9.53. On the upside, there is a resistance level at 14.32. A further resistance level may holdings at 15.41. The Relative Strength Index (RSI) on the 14-day chart is 72.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.12%. Stochastics %K at 35.16% indicates the stock is a holding.
How much short interest is there in nLIGHT Inc?
A steep rise in short interest was recorded in nLIGHT Inc stocks on 2024-10-15, dropping by -0.2 million shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.05 million shares. There was a decline of -23.79%, which implies that there is a negative sentiment for the stock.
