Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FormFactor Inc shares valued at $162,341 were sold by SLESSOR MIKE on Dec 02 ’24. At $40.59 per share, SLESSOR MIKE sold 4,000 shares. The insider’s holdings dropped to 526,531 shares worth approximately $22.35 million following the completion of this transaction.
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Also, MIKE SLESSOR purchased 4,000 shares, netting a total of over 162,337 in proceeds.
Before that, St Dennis Thomas had sold 3,100 shares from its account. In a trade valued at $121,233, the Director traded FormFactor Inc shares for $39.11 each. Upon closing the transaction, the insider’s holdings decreased to 3,100 shares, worth approximately $1.59 million.
As published in a research note from TD Cowen on October 31, 2024, FormFactor Inc [FORM] has been retained to a Hold and the price target has been revised to $44. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early August. As of May 02, 2024, TD Cowen has reiterated its “Hold” rating for FORM. Earlier on April 16, 2024, Evercore ISI initiated its rating. Their recommendation was “an In-line” for FORM stock.
Analyzing FORM Stock Performance
During the last five days, there has been a drop of approximately -0.77%. Over the course of the year, FormFactor Inc shares have jumped approximately 1.75%. Shares of the company reached a 52-week high of $63.63 on 07/08/24 and a 52-week low of $37.21 on 01/05/24. A 50-day SMA is recorded $42.24, while a 200-day SMA reached $48.05. Nevertheless, trading volume fell to 1.33 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for FormFactor Inc (FORM)
According to the 24-hour chart, there is a support level at 41.17, which, if violated, would cause prices to drop to 39.91. In the upper region, resistance lies at 44.69. The next price resistance is at 46.95. RSI (Relative Strength Index) is 50.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 77.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
