Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. nLIGHT Inc shares valued at $201,300 were purchased by Keeney Scott H on Nov 06 ’24. At $13.42 per share, Keeney Scott H acquired 15,000 shares.
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Also, Keeney Scott H purchased 15,000 shares, netting a total of over 188,006 in proceeds.
Before that, Keeney Scott H had sold 15,000 shares from its account. In a trade valued at $168,000, the President and CEO traded nLIGHT Inc shares for $11.20 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $18.95 million.
As published in their initiating research note from Cantor Fitzgerald on October 03, 2024, nLIGHT Inc [LASR] has been an Overweight and the price target has been revised to $15.50. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Speculative buy”‘ outlook in a report released in late November. As of November 28, 2023, Needham has reiterated its “Buy” rating for LASR. Earlier on June 01, 2023, CL King initiated its rating. Their recommendation was “a Neutral” for LASR stock.
Analyzing LASR Stock Performance
During the last five days, there has been a surge of approximately 8.91%. Over the course of the year, nLIGHT Inc shares have jumped approximately 4.15%. Shares of the company reached a 52-week high of $14.75 on 02/16/24 and a 52-week low of $9.80 on 08/05/24. A 50-day SMA is recorded $11.20, while a 200-day SMA reached $12.02. Nevertheless, trading volume fell to 0.52 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for nLIGHT Inc (LASR)
According to the 24-hour chart, there is a support level at 13.57, which, if violated, would cause prices to drop to 13.07. In the upper region, resistance lies at 14.36. The next price resistance is at 14.65. RSI (Relative Strength Index) is 71.10 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 2.59%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
