In a filing, Lam Research Corp revealed its Director Mayer Bethany unloaded Company’s shares for reported $0.12 million on Nov 01 ’24. In the deal valued at $75.16 per share,1,660 shares were sold. As a result of this transaction, Mayer Bethany now holds 28,930 shares worth roughly $2.25 million.
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Then, Mayer Bethany bought 1,660 shares, generating $124,757 in total proceeds.
Before that, Correia Christina sold 647 shares. Lam Research Corp shares valued at $528,929 were divested by the CVP , Chief Accounting Officer at a price of $817.51 per share. As a result of the transaction, Correia Christina now holds 4,267 shares, worth roughly $0.33 million.
Cleveland Research initiated its Lam Research Corp [LRCX] rating to a Neutral 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 early August has reiterated a ‘”a Buy”‘ rating for it. Jefferies began covering LRCX with “Buy” recommendation on May 13, 2024. TD Cowen maintained its rating on April 25, 2024. It rated LRCX as “a Buy”.
Price Performance Review of LRCX
On Tuesday, Lam Research Corp [NASDAQ:LRCX] saw its stock fall -0.03% to $77.81. Over the last five days, the stock has gained 3.57%. Lam Research Corp shares have fallen nearly -0.66% since the year began. Nevertheless, the stocks have risen 0.59% over the past one year. While a 52-week high of $113.00 was reached on 07/11/24, a 52-week low of $68.87 was recorded on 11/20/24. SMA at 50 days reached $75.84, while 200 days put it at $87.61.
Levels Of Support And Resistance For LRCX Stock
The 24-hour chart illustrates a support level at 77.24, which if violated will result in even more drops to 76.67. On the upside, there is a resistance level at 78.56. A further resistance level may holdings at 79.31. The Relative Strength Index (RSI) on the 14-day chart is 54.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.46%. Stochastics %K at 73.12% indicates the stock is a holding.
How much short interest is there in Lam Research Corp?
A steep rise in short interest was recorded in Lam Research Corp stocks on 2024-11-29, growing by 1.15 million shares to a total of 33.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 32.55 million shares. There was a rise of 3.41%, which implies that there is a positive sentiment for the stock.
