ON Semiconductor Corp’s recent filing unveils that its Officer KEETON SIMON acquired Company’s shares for reported $1.92 million on Dec 17 ’24. In the deal valued at $68.56 per share,28,000 shares were bought.
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Then, EL-KHOURY LIVING TRUST U/T/A D bought 4,500 shares, generating $298,958 in total proceeds.
Before that, GOPALSWAMY SUDHIR bought 21,082 shares. ON Semiconductor Corp shares valued at $1,426,041 were divested by the Officer at a price of $67.64 per share.
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 Tuesday, ON Semiconductor Corp [NASDAQ:ON] saw its stock jump 1.96% to $67.74. Over the last five days, the stock has gained 2.11%. ON Semiconductor Corp shares have fallen nearly -18.90% since the year began. Nevertheless, the stocks have fallen -20.91% over the past one year. While a 52-week high of $86.10 was reached on 03/07/24, a 52-week low of $59.34 was recorded on 04/22/24. SMA at 50 days reached $69.31, while 200 days put it at $71.41.
Levels Of Support And Resistance For ON Stock
The 24-hour chart illustrates a support level at 66.20, which if violated will result in even more drops to 64.66. On the upside, there is a resistance level at 69.93. A further resistance level may holdings at 72.12. The Relative Strength Index (RSI) on the 14-day chart is 48.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.75%. Stochastics %K at 19.67% 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 2024-11-29, growing by 1.32 million shares to a total of 25.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 24.21 million shares. There was a rise of 5.18%, which implies that there is a positive sentiment for the stock.
