Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ON Semiconductor Corp shares valued at $106,500 were sold by El-Khoury Hassane on Nov 25 ’24. At $71.00 per share, El-Khoury Hassane sold 1,500 shares. The insider’s holdings dropped to 837,710 shares worth approximately $55.26 million following the completion of this transaction.
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Also, El-Khoury Hassane sold 1,500 shares, netting a total of over 109,065 in proceeds. Following the sale of shares at $72.71 each, the insider now holds 839,210 shares.
Before that, El-Khoury Hassane had sold 1,500 shares from its account. In a trade valued at $106,200, the CEO & President traded ON Semiconductor Corp shares for $70.80 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $55.46 million.
As published in their initiating research note from Wells Fargo on November 22, 2024, ON Semiconductor Corp [ON] has been an Overweight and the price target has been revised to $85. Analysts at Loop Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of July 30, 2024, TD Cowen has reiterated its “Buy” rating for ON. Earlier on July 15, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for ON stock which previously was a “a Buy”.
Analyzing ON Stock Performance
During the last five days, there has been a drop of approximately -6.85%. Over the course of the year, ON Semiconductor Corp shares have dropped approximately -21.02%. 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 $70.19, while a 200-day SMA reached $71.92. Nevertheless, trading volume fell to 13.15 million shares from 0.46 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 64.04, which, if violated, would cause prices to drop to 62.12. In the upper region, resistance lies at 69.20. The next price resistance is at 72.44. RSI (Relative Strength Index) is 41.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.00, which suggests the price will increase in the coming days. Percent R is at 83.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
