Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ON Semiconductor Corp shares valued at $109,065 were sold by El-Khoury Hassane on Oct 15 ’24. At $72.71 per share, El-Khoury Hassane sold 1,500 shares. The insider’s holdings dropped to 839,210 shares worth approximately $57.46 million following the completion of this transaction.
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Also, El-Khoury Hassane sold 1,500 shares, netting a total of over 106,200 in proceeds. Following the sale of shares at $70.80 each, the insider now holds 840,620 shares.
Before that, EL-KHOURY LIVING TRUST U/T/A D had added 4,500 shares to its account. In a trade valued at $322,740, the Director bought ON Semiconductor Corp shares for $71.72 each.
As published in their initiating research note from Loop Capital on November 12, 2024, ON Semiconductor Corp [ON] has been a Buy and the price target has been revised to $95. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late July. As of July 15, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for ON. Earlier on July 11, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for ON stock which previously was a “an Equal-weight”.
Analyzing ON Stock Performance
During the last five days, there has been a surge of approximately 2.16%. Over the course of the year, ON Semiconductor Corp shares have dropped approximately -18.03%. Shares of the company reached a 52-week high of $85.16 on 03/07/24 and a 52-week low of $59.34 on 04/22/24. A 50-day SMA is recorded $70.25, while a 200-day SMA reached $72.29. Nevertheless, trading volume fell to 4.72 million shares from 5.1 million shares the previous day.
Support And Resistance Levels for ON Semiconductor Corp (ON)
According to the 24-hour chart, there is a support level at 66.91, which, if violated, would cause prices to drop to 65.34. In the upper region, resistance lies at 69.58. The next price resistance is at 70.68. RSI (Relative Strength Index) is 47.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.37, which suggests the price will decrease in the coming days. Percent R is at 54.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
