The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kulicke & Soffa Industries, Inc shares valued at $1,426,866 were sold by Wong Nelson MunPun on Nov 21 ’24. At $47.56 per share, Wong Nelson MunPun sold 30,000 shares. The insider’s holdings dropped to 177,533 shares worth approximately $8.42 million following the completion of this transaction.
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Also, Wong Lester A sold 60,000 shares, netting a total of over 2,782,314 in proceeds. Following the sale of shares at $46.37 each, the insider now holds 79,636 shares.
Before that, Chong Chan Pin had sold 35,270 shares from its account. In a trade valued at $1,631,837, the Executive Vice President traded Kulicke & Soffa Industries, Inc shares for $46.27 each. Upon closing the transaction, the insider’s holdings decreased to 35,270 shares, worth approximately $2.21 million.
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 1.52%. Over the course of the year, Kulicke & Soffa Industries, Inc shares have dropped approximately -13.36%. 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 $45.54, while a 200-day SMA reached $46.24. Nevertheless, trading volume fell to 0.75 million shares from 0.68 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 46.69, which, if violated, would cause prices to drop to 45.96. In the upper region, resistance lies at 48.78. The next price resistance is at 50.14. RSI (Relative Strength Index) is 52.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.20, which suggests the price will increase in the coming days. Percent R is at 57.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
