Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lam Research Corp shares valued at $124,757 were sold by Mayer Bethany on Nov 01 ’24. At $75.16 per share, Mayer Bethany sold 1,660 shares. The insider’s holdings dropped to 28,930 shares worth approximately $2.14 million following the completion of this transaction.
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Also, Mayer Bethany purchased 1,660 shares, netting a total of over 124,757 in proceeds.
Before that, Correia Christina had sold 647 shares from its account. In a trade valued at $528,929, the CVP , Chief Accounting Officer traded Lam Research Corp shares for $817.51 each. Upon closing the transaction, the insider’s holdings decreased to 647 shares, worth approximately $0.32 million.
As published in their initiating research note from Cleveland Research on December 17, 2024, Lam Research Corp [LRCX] has been a Neutral. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of May 13, 2024, Jefferies has initiated its “Buy” rating for LRCX. Earlier on April 25, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for LRCX stock.
Analyzing LRCX Stock Performance
During the last five days, there has been a drop of approximately -5.20%. Over the course of the year, Lam Research Corp shares have dropped approximately -5.83%. Shares of the company reached a 52-week high of $113.00 on 07/11/24 and a 52-week low of $68.87 on 11/20/24. A 50-day SMA is recorded $74.87, while a 200-day SMA reached $87.02. Nevertheless, trading volume fell to 5.61 million shares from 8.41 million shares the previous day.
Support And Resistance Levels for Lam Research Corp (LRCX)
According to the 24-hour chart, there is a support level at 73.32, which, if violated, would cause prices to drop to 72.80. In the upper region, resistance lies at 74.26. The next price resistance is at 74.68. RSI (Relative Strength Index) is 46.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.28, which suggests the price will decrease in the coming days. Percent R is at 59.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
