KLA Corp’s recently made public that its President and CEO WALLACE RICHARD P unloaded Company’s shares for reported $9.49 million on Nov 12 ’24. In the deal valued at $663.01 per share,14,306 shares were sold. As a result of this transaction, WALLACE RICHARD P now holds 90,347 shares worth roughly $62.43 million.
Then, WALLACE RICHARD P bought 14,306 shares, generating $9,485,021 in total proceeds.
Before that, Donzella Oreste bought 2,837 shares. KLA Corp shares valued at $2,342,000 were divested by the Officer at a price of $825.52 per share.
Needham upgraded its KLA Corp [KLAC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in late October from “a Perform” to “an Outperform”. TD Cowen also remained covering KLAC and reiterated its “Hold” recommendation on October 31, 2024. Oppenheimer started covering the stock on September 25, 2024. It rated KLAC as “a Perform”.
Price Performance Review of KLAC
On Monday, KLA Corp [NASDAQ:KLAC] saw its stock jump 1.16% to $690.99. Over the last five days, the stock has gained 5.17%. KLA Corp shares have risen nearly 9.66% since the year began. Nevertheless, the stocks have risen 24.26% over the past one year. While a 52-week high of $896.32 was reached on 01/07/25, a 52-week low of $549.63 was recorded on 01/02/25. SMA at 50 days reached $652.69, while 200 days put it at $730.69.
Levels Of Support And Resistance For KLAC Stock
The 24-hour chart illustrates a support level at 673.66, which if violated will result in even more drops to 656.34. On the upside, there is a resistance level at 700.14. A further resistance level may holdings at 709.30. The Relative Strength Index (RSI) on the 14-day chart is 63.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 28.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.09%. Stochastics %K at 79.32% indicates the stock is a holding.
How much short interest is there in KLA Corp?
A steep rise in short interest was recorded in KLA Corp stocks on 2024-12-31, growing by 0.26 million shares to a total of 3.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.99 million shares. There was a rise of 7.94%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 25, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $760.
