Kulicke & Soffa Industries, Inc’s recent filing unveils that its Officer ROBERT CHYLAK acquired Company’s shares for reported $0.56 million on Dec 09 ’24. In the deal valued at $49.52 per share,11,391 shares were bought.
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Then, CHEN FUSEN ERNIE sold 80,000 shares, generating $3,863,496 in total proceeds. Upon selling the shares at $48.29, the President and CEO now owns 1,100,765 shares.
Before that, Lim Chin Hu bought 30,000 shares. Kulicke & Soffa Industries, Inc shares valued at $1,444,200 were divested by the Director at a price of $48.14 per share.
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 3.96% to $50.14. Over the last five days, the stock has lost -0.79%. Kulicke & Soffa Industries, Inc shares have fallen nearly -8.37% since the year began. Nevertheless, the stocks have fallen -2.96% 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 $46.45, while 200 days put it at $46.23.
Levels Of Support And Resistance For KLIC Stock
The 24-hour chart illustrates a support level at 48.75, which if violated will result in even more drops to 47.36. On the upside, there is a resistance level at 50.90. A further resistance level may holdings at 51.66. The Relative Strength Index (RSI) on the 14-day chart is 58.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.58%. Stochastics %K at 62.77% 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 2024-11-15, dropping by -0.35 million shares to a total of 3.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.68 million shares. There was a decline of -10.63%, which implies that there is a negative sentiment for the stock.
