Photronics, Inc’s recent filing unveils that its SVP & GM of FPD Ops Park Han Kyung unloaded Company’s shares for reported $0.28 million on Jan 07 ’25. In the deal valued at $24.63 per share,11,250 shares were sold. As a result of this transaction, Park Han Kyung now holds 118,000 shares worth roughly $2.79 million.
Then, Park Han Kyung sold 11,250 shares, generating $273,262 in total proceeds. Upon selling the shares at $24.29, the SVP & GM of FPD Ops now owns 129,250 shares.
Before that, FIEDEROWICZ WALTER M sold 10,000 shares. Photronics, Inc shares valued at $241,300 were divested by the Director at a price of $24.13 per share. As a result of the transaction, FIEDEROWICZ WALTER M now holds 32,000 shares, worth roughly $0.76 million.
Northland Capital downgraded its Photronics, Inc [PLAB] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. Stifel also remained covering PLAB and has decreased its forecast on February 25, 2021 with a “Hold” recommendation from previously “Buy” rating. Stifel revised its rating on September 11, 2020. It rated PLAB as “a Buy” which previously was an “a Hold”.
Price Performance Review of PLAB
On Monday, Photronics, Inc [NASDAQ:PLAB] saw its stock jump 0.38% to $23.62. Over the last five days, the stock has lost -2.07%. Photronics, Inc shares have risen nearly 0.25% since the year began. Nevertheless, the stocks have fallen -19.91% over the past one year. While a 52-week high of $34.16 was reached on 01/07/25, a 52-week low of $20.25 was recorded on 01/13/25. SMA at 50 days reached $24.66, while 200 days put it at $25.24.
Levels Of Support And Resistance For PLAB Stock
The 24-hour chart illustrates a support level at 23.17, which if violated will result in even more drops to 22.71. On the upside, there is a resistance level at 23.86. A further resistance level may holdings at 24.09. The Relative Strength Index (RSI) on the 14-day chart is 42.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.20%. Stochastics %K at 21.05% indicates the stock is a holding.
How much short interest is there in Photronics, Inc?
A steep rise in short interest was recorded in Photronics, Inc stocks on 2024-11-29, growing by 0.57 million shares to a total of 2.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.69 million shares. There was a rise of 25.26%, which implies that there is a positive sentiment for the stock.
