Silicon Laboratories Inc’s recent filing unveils that its Sr VP WW Sales & Marketing Tolany Brandon unloaded Company’s shares for reported $97175.0 on Sep 03 ’24. In the deal valued at $115.00 per share,845 shares were sold. As a result of this transaction, Tolany Brandon now holds 43,615 shares worth roughly $4.56 million.
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Then, Tolany Brandon bought 845 shares, generating $97,175 in total proceeds.
Before that, Johnson Robert Matthew sold 7,230 shares. Silicon Laboratories Inc shares valued at $895,074 were divested by the President & CEO at a price of $123.80 per share. As a result of the transaction, Johnson Robert Matthew now holds 47,910 shares, worth roughly $5.0 million.
Needham upgraded its Silicon Laboratories Inc [SLAB] rating to a Buy from a a Hold 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 April has reiterated a ‘”a Buy”‘ rating for it. Summit Insights also remained covering SLAB and has decreased its forecast on April 24, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on February 08, 2024. It rated SLAB as “an Outperform”.
Price Performance Review of SLAB
On Tuesday, Silicon Laboratories Inc [NASDAQ:SLAB] saw its stock fall -0.27% to $104.46. Over the last five days, the stock has lost -11.26%. Silicon Laboratories Inc shares have fallen nearly -21.03% since the year began. Nevertheless, the stocks have risen 14.11% over the past one year. While a 52-week high of $154.91 was reached on 03/07/24, a 52-week low of $90.65 was recorded on 08/07/24. SMA at 50 days reached $112.29, while 200 days put it at $121.11.
Levels Of Support And Resistance For SLAB Stock
The 24-hour chart illustrates a support level at 97.06, which if violated will result in even more drops to 89.65. On the upside, there is a resistance level at 111.41. A further resistance level may holdings at 118.35. The Relative Strength Index (RSI) on the 14-day chart is 38.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.05%. Stochastics %K at 20.41% indicates the stock is a holding.
How much short interest is there in Silicon Laboratories Inc?
A steep rise in short interest was recorded in Silicon Laboratories Inc stocks on 2024-10-15, growing by 14368.0 shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.93 million shares. There was a rise of 0.74%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 08, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $145 price target.
