Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ichor Holdings Ltd shares valued at $829,036 were sold by Andreson Jeff on May 24 ’24. At $38.74 per share, Andreson Jeff sold 21,400 shares. The insider’s holdings dropped to 282,141 shares worth approximately $8.77 million following the completion of this transaction.
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Also, BARROS PHILIP RYAN SR. sold 7,226 shares, netting a total of over 327,988 in proceeds. Following the sale of shares at $45.39 each, the insider now holds 50,490 shares.
Before that, Smith Christopher had sold 23,433 shares from its account. In a trade valued at $1,056,360, the Chief Commercial Officer traded Ichor Holdings Ltd shares for $45.08 each. Upon closing the transaction, the insider’s holdings decreased to 23,433 shares, worth approximately $2.19 million.
As published in a research note from TD Cowen on November 05, 2024, Ichor Holdings Ltd [ICHR] has been retained to a Buy and the price target has been revised to $40. Analysts at DA Davidson started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of September 25, 2024, Oppenheimer has initiated its “Perform” rating for ICHR. Earlier on August 07, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for ICHR stock.
Analyzing ICHR Stock Performance
During the last five days, there has been a drop of approximately -2.32%. Over the course of the year, Ichor Holdings Ltd shares have dropped approximately -7.52%. Shares of the company reached a 52-week high of $46.43 on 02/16/24 and a 52-week low of $26.40 on 10/23/24. A 50-day SMA is recorded $29.53, while a 200-day SMA reached $35.27. Nevertheless, trading volume fell to 0.61 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for Ichor Holdings Ltd (ICHR)
According to the 24-hour chart, there is a support level at 29.76, which, if violated, would cause prices to drop to 28.43. In the upper region, resistance lies at 31.82. The next price resistance is at 32.55. RSI (Relative Strength Index) is 54.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 40.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
