ON Semiconductor Corp’s recent filing unveils that its CEO & President El-Khoury Hassane unloaded Company’s shares for reported $0.11 million on Nov 25 ’24. In the deal valued at $71.00 per share,1,500 shares were sold. As a result of this transaction, El-Khoury Hassane now holds 837,710 shares worth roughly $55.72 million.
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Then, El-Khoury Hassane sold 1,500 shares, generating $109,065 in total proceeds. Upon selling the shares at $72.71, the CEO & President now owns 839,210 shares.
Before that, El-Khoury Hassane sold 1,500 shares. ON Semiconductor Corp shares valued at $106,200 were divested by the CEO & President at a price of $70.80 per share. As a result of the transaction, El-Khoury Hassane now holds 840,620 shares, worth roughly $55.92 million.
Wells Fargo initiated its ON Semiconductor Corp [ON] rating to an Overweight in a research note published on November 22, 2024; the price target was $85. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. TD Cowen also remained covering ON and reiterated its “Buy” recommendation on July 30, 2024. Citigroup revised its rating on July 15, 2024. It rated ON as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ON
On Friday, ON Semiconductor Corp [NASDAQ:ON] saw its stock jump 1.19% to $66.52. Over the last five days, the stock has lost -6.47%. ON Semiconductor Corp shares have fallen nearly -20.36% since the year began. Nevertheless, the stocks have fallen -9.42% over the past one year. While a 52-week high of $86.77 was reached on 03/07/24, a 52-week low of $59.34 was recorded on 04/22/24. SMA at 50 days reached $69.97, while 200 days put it at $71.80.
Levels Of Support And Resistance For ON Stock
The 24-hour chart illustrates a support level at 65.95, which if violated will result in even more drops to 65.37. On the upside, there is a resistance level at 67.07. A further resistance level may holdings at 67.61. The Relative Strength Index (RSI) on the 14-day chart is 43.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.43%. Stochastics %K at 17.22% indicates the stock is a buying.
How much short interest is there in ON Semiconductor Corp?
A steep rise in short interest was recorded in ON Semiconductor Corp stocks on 2024-11-15, growing by 4.27 million shares to a total of 28.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 23.85 million shares. There was a rise of 15.17%, which implies that there is a positive sentiment for the stock.
