Onto Innovation Inc’s recently made public that its Chief Financial Officer Slicer Mark unloaded Company’s shares for reported $0.18 million on Nov 15 ’24. In the deal valued at $160.41 per share,1,100 shares were sold. As a result of this transaction, Slicer Mark now holds 10,933 shares worth roughly $1.77 million.
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Then, MARK R SLICER bought 1,100 shares, generating $176,451 in total proceeds.
Before that, Vedula Srinivas sold 1,275 shares. Onto Innovation Inc shares valued at $264,231 were divested by the SVP, Customer Success at a price of $207.24 per share. As a result of the transaction, Vedula Srinivas now holds 16,050 shares, worth roughly $2.59 million.
Oppenheimer initiated its Onto Innovation Inc [ONTO] rating to an Outperform in a research note published on September 25, 2024; the price target was $260. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Buy”. Jefferies began covering ONTO with “Buy” recommendation on May 13, 2024. B. Riley Securities maintained its rating on May 10, 2024. It rated ONTO as “a Buy”.
Price Performance Review of ONTO
On Monday, Onto Innovation Inc [NYSE:ONTO] saw its stock jump 1.97% to $161.67. Over the last five days, the stock has lost -7.42%. Onto Innovation Inc shares have risen nearly 5.74% since the year began. Nevertheless, the stocks have risen 19.62% over the past one year. While a 52-week high of $238.93 was reached on 07/16/24, a 52-week low of $131.78 was recorded on 01/05/24. SMA at 50 days reached $196.37, while 200 days put it at $197.74.
Levels Of Support And Resistance For ONTO Stock
The 24-hour chart illustrates a support level at 158.45, which if violated will result in even more drops to 155.23. On the upside, there is a resistance level at 163.32. A further resistance level may holdings at 164.97. The Relative Strength Index (RSI) on the 14-day chart is 31.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.34%. Stochastics %K at 5.13% indicates the stock is a buying.
How much short interest is there in Onto Innovation Inc?
A steep rise in short interest was recorded in Onto Innovation Inc stocks on 2024-10-31, dropping by -0.27 million shares to a total of 1.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.35 million shares. There was a decline of -24.45%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 16, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $235 price target.
