Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SkyWater Technology Inc shares valued at $71,916 were sold by Unterseher Loren A on Dec 13 ’24. At $9.27 per share, Unterseher Loren A sold 7,761 shares. The insider’s holdings dropped to 12,806,264 shares worth approximately $189.02 million following the completion of this transaction.
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Also, Unterseher Loren A sold 100,000 shares, netting a total of over 937,740 in proceeds. Following the sale of shares at $9.38 each, the insider now holds 12,919,620 shares.
Before that, Unterseher Loren A had sold 61,299 shares from its account. In a trade valued at $575,224, the Director traded SkyWater Technology Inc shares for $9.38 each. Upon closing the transaction, the insider’s holdings decreased to 61,299 shares, worth approximately $189.79 million.
As published in a research note from TD Cowen on February 27, 2024, SkyWater Technology Inc [SKYT] has been retained to an Outperform and the price target has been revised to $15. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of April 26, 2022, Craig Hallum has initiated its “Buy” rating for SKYT. Earlier on August 05, 2021, Jefferies downgraded its rating. Their new recommendation was “a Hold” for SKYT stock which previously was a “a Buy”.
Analyzing SKYT Stock Performance
During the last five days, there has been a surge of approximately 13.15%. Over the course of the year, SkyWater Technology Inc shares have jumped approximately 53.85%. Shares of the company reached a 52-week high of $19.00 on 12/18/24 and a 52-week low of $5.63 on 08/05/24. A 50-day SMA is recorded $9.75, while a 200-day SMA reached $8.95. Nevertheless, trading volume fell to 1.53 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for SkyWater Technology Inc (SKYT)
According to the 24-hour chart, there is a support level at 13.23, which, if violated, would cause prices to drop to 11.69. In the upper region, resistance lies at 16.11. The next price resistance is at 17.45. RSI (Relative Strength Index) is 67.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.68, which suggests the price will increase in the coming days. Percent R is at 38.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
