Kulicke & Soffa Industries, Inc’s filing revealed that its Senior Vice President Wong Nelson MunPun unloaded Company’s shares for reported $1.43 million on Nov 21 ’24. In the deal valued at $47.56 per share,30,000 shares were sold. As a result of this transaction, Wong Nelson MunPun now holds 177,533 shares worth roughly $8.87 million.
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Then, Wong Lester A sold 60,000 shares, generating $2,782,314 in total proceeds. Upon selling the shares at $46.37, the Chief Financial Officer now owns 79,636 shares.
Before that, Chong Chan Pin sold 35,270 shares. Kulicke & Soffa Industries, Inc shares valued at $1,631,837 were divested by the Executive Vice President at a price of $46.27 per share. As a result of the transaction, Chong Chan Pin now holds 46,646 shares, worth roughly $2.33 million.
Needham upgraded its Kulicke & Soffa Industries, Inc [KLIC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Hold”‘ rating for it. TD Cowen also remained covering KLIC and reiterated its “Hold” recommendation on August 08, 2024. Craig Hallum revised its rating on November 17, 2023. It rated KLIC as “a Buy” which previously was an “a Hold”.
Price Performance Review of KLIC
On Monday, Kulicke & Soffa Industries, Inc [NASDAQ:KLIC] saw its stock jump 1.59% to $49.95. Over the last five days, the stock has gained 7.81%. Kulicke & Soffa Industries, Inc shares have fallen nearly -8.72% since the year began. Nevertheless, the stocks have fallen -0.60% over the past one year. While a 52-week high of $56.71 was reached on 01/25/24, a 52-week low of $38.20 was recorded on 09/06/24. SMA at 50 days reached $45.25, while 200 days put it at $46.24.
Levels Of Support And Resistance For KLIC Stock
The 24-hour chart illustrates a support level at 49.00, which if violated will result in even more drops to 48.05. On the upside, there is a resistance level at 51.00. A further resistance level may holdings at 52.05. The Relative Strength Index (RSI) on the 14-day chart is 63.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.27%. Stochastics %K at 68.54% indicates the stock is a holding.
How much short interest is there in Kulicke & Soffa Industries, Inc?
A steep rise in short interest was recorded in Kulicke & Soffa Industries, Inc stocks on 2024-10-31, dropping by 22932.0 shares to a total of 3.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.51 million shares. There was a decline of -0.66%, which implies that there is a negative sentiment for the stock.
