FormFactor Inc’s recently made public that its CEO SLESSOR MIKE unloaded Company’s shares for reported $0.18 million on Jan 02 ’25. In the deal valued at $44.44 per share,4,000 shares were sold. As a result of this transaction, SLESSOR MIKE now holds 522,531 shares worth roughly $23.11 million.
Then, MIKE SLESSOR bought 4,000 shares, generating $177,762 in total proceeds.
Before that, SLESSOR MIKE sold 4,000 shares. FormFactor Inc shares valued at $162,341 were divested by the CEO at a price of $40.59 per share. As a result of the transaction, SLESSOR MIKE now holds 526,531 shares, worth roughly $23.28 million.
Citigroup upgraded its FormFactor Inc [FORM] rating to a Buy from a a Neutral in a research note published on January 06, 2025; the price target was increased to $51 from $44. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Hold”‘ rating for it. TD Cowen also remained covering FORM and reiterated its “Hold” recommendation on August 01, 2024. TD Cowen maintained its rating on May 02, 2024. It rated FORM as “a Hold”.
Price Performance Review of FORM
On Friday, FormFactor Inc [NASDAQ:FORM] saw its stock jump 0.25% to $44.22. FormFactor Inc shares have risen nearly 0.50% since the year began. Nevertheless, the stocks have risen 14.06% over the past one year. While a 52-week high of $63.62 was reached on 01/07/25, a 52-week low of $37.25 was recorded on 01/08/25. SMA at 50 days reached $42.35, while 200 days put it at $48.17.
Levels Of Support And Resistance For FORM Stock
The 24-hour chart illustrates a support level at 43.31, which if violated will result in even more drops to 42.40. On the upside, there is a resistance level at 45.02. A further resistance level may holdings at 45.82. The Relative Strength Index (RSI) on the 14-day chart is 50.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.61%. Stochastics %K at 30.94% indicates the stock is a holding.
How much short interest is there in FormFactor Inc?
A steep rise in short interest was recorded in FormFactor Inc stocks on 2024-12-13, growing by 0.62 million shares to a total of 3.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.59 million shares. There was a rise of 19.3%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 16, 2024 when Evercore ISI began covering the stock and recommended ‘”an In-line”‘ rating along with a $50 price target.
