Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KLA Corp shares valued at $9,485,021 were purchased by WALLACE RICHARD P on Nov 12 ’24. At $663.01 per share, WALLACE RICHARD P acquired 14,306 shares.
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Also, Donzella Oreste purchased 2,837 shares, netting a total of over 2,342,000 in proceeds.
Before that, Donzella Oreste had added 2,071 shares to its account. In a trade valued at $1,503,090, the Officer bought KLA Corp shares for $725.78 each.
As published in a research note from Oppenheimer on October 31, 2024, KLA Corp [KLAC] has been rated up from a Perform to an Outperform and the price target has been revised to $850 from $750. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late October. As of September 25, 2024, Oppenheimer has initiated its “Perform” rating for KLAC. Earlier on July 25, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for KLAC stock.
Analyzing KLAC Stock Performance
During the last five days, there has been a drop of approximately -3.75%. Over the course of the year, KLA Corp shares have jumped approximately 10.88%. Shares of the company reached a 52-week high of $896.32 on 07/11/24 and a 52-week low of $542.41 on 01/05/24. A 50-day SMA is recorded $724.45, while a 200-day SMA reached $735.05. Nevertheless, trading volume fell to 1.48 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for KLA Corp (KLAC)
According to the 24-hour chart, there is a support level at 636.58, which, if violated, would cause prices to drop to 628.62. In the upper region, resistance lies at 654.25. The next price resistance is at 663.96. RSI (Relative Strength Index) is 34.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.64, which suggests the price will decrease in the coming days. Percent R is at 89.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
