In a filing, KLA Corp revealed its President and CEO WALLACE RICHARD P unloaded Company’s shares for reported $9.49 million on Nov 12 ’24. In the deal valued at $663.01 per share,14,306 shares were sold. As a result of this transaction, WALLACE RICHARD P now holds 90,347 shares worth roughly $55.51 million.
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Then, WALLACE RICHARD P bought 14,306 shares, generating $9,485,021 in total proceeds.
Before that, Donzella Oreste bought 2,837 shares. KLA Corp shares valued at $2,342,000 were divested by the Officer at a price of $825.52 per share.
Oppenheimer upgraded its KLA Corp [KLAC] rating to an Outperform from a a Perform in a research note published on October 31, 2024; the price target was increased to $850 from $750. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Hold”‘ rating for it. Oppenheimer began covering KLAC with “Perform” recommendation on September 25, 2024. TD Cowen maintained its rating on July 25, 2024. It rated KLAC as “a Hold”.
Price Performance Review of KLAC
On Friday, KLA Corp [NASDAQ:KLAC] saw its stock fall -4.73% to $614.46. Over the last five days, the stock has lost -10.61%. KLA Corp shares have risen nearly 5.70% since the year began. Nevertheless, the stocks have risen 12.66% over the past one year. While a 52-week high of $896.32 was reached on 07/11/24, a 52-week low of $527.11 was recorded on 01/05/24. SMA at 50 days reached $721.02, while 200 days put it at $735.38.
Levels Of Support And Resistance For KLAC Stock
The 24-hour chart illustrates a support level at 607.87, which if violated will result in even more drops to 601.29. On the upside, there is a resistance level at 625.52. A further resistance level may holdings at 636.59. The Relative Strength Index (RSI) on the 14-day chart is 29.13, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -32.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.60%. Stochastics %K at 7.73% indicates the stock is a buying.
How much short interest is there in KLA Corp?
A steep rise in short interest was recorded in KLA Corp stocks on 2024-10-31, dropping by -0.13 million shares to a total of 2.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.44 million shares. There was a decline of -5.61%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 15, 2024 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $980.
