Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kulicke & Soffa Industries, Inc shares valued at $1,631,837 were sold by Chong Chan Pin on Nov 20 ’24. At $46.27 per share, Chong Chan Pin sold 35,270 shares. The insider’s holdings dropped to 46,646 shares worth approximately $2.26 million following the completion of this transaction.
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Also, Chong Chan Pin sold 9,730 shares, netting a total of over 448,232 in proceeds. Following the sale of shares at $46.07 each, the insider now holds 81,916 shares.
Before that, MUN PUN WONG had added 30,000 shares to its account. In a trade valued at $1,426,866, the Officer bought Kulicke & Soffa Industries, Inc shares for $47.56 each.
As published in a research note from Needham on November 15, 2024, Kulicke & Soffa Industries, Inc [KLIC] has been rated up from a Hold to a Buy and the price target has been revised to $55. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in mid November. As of August 08, 2024, TD Cowen has reiterated its “Hold” rating for KLIC. Earlier on November 17, 2023, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for KLIC stock which previously was a “a Hold”.
Analyzing KLIC Stock Performance
During the last five days, there has been a surge of approximately 6.25%. Over the course of the year, Kulicke & Soffa Industries, Inc shares have dropped approximately -11.44%. Shares of the company reached a 52-week high of $56.71 on 01/25/24 and a 52-week low of $38.20 on 09/06/24. A 50-day SMA is recorded $44.88, while a 200-day SMA reached $46.24. Nevertheless, trading volume fell to 0.56 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Kulicke & Soffa Industries, Inc (KLIC)
According to the 24-hour chart, there is a support level at 47.17, which, if violated, would cause prices to drop to 45.89. In the upper region, resistance lies at 49.15. The next price resistance is at 49.85. RSI (Relative Strength Index) is 59.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 42.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
