Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. FormFactor Inc shares valued at $177,772 were sold by SLESSOR MIKE on Jan 02 ’25. At $44.44 per share, SLESSOR MIKE sold 4,000 shares. The insider’s holdings dropped to 522,531 shares worth approximately $22.57 million following the completion of this transaction.
Also, MIKE SLESSOR purchased 4,000 shares, netting a total of over 177,762 in proceeds.
Before that, SLESSOR MIKE had sold 4,000 shares from its account. In a trade valued at $162,341, the CEO traded FormFactor Inc shares for $40.59 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $22.74 million.
As published in a research note from Needham on January 13, 2025, FormFactor Inc [FORM] has been rated down from a Buy to a Hold. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of October 31, 2024, TD Cowen has reiterated its “Hold” rating for FORM. Earlier on August 01, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for FORM stock.
Analyzing FORM Stock Performance
During the last five days, there has been a drop of approximately -8.57%. Over the course of the year, FormFactor Inc shares have dropped approximately -1.84%. Shares of the company reached a 52-week high of $48.69 on 01/07/25 and a 52-week low of $41.21 on 01/13/25. A 50-day SMA is recorded $42.40, while a 200-day SMA reached $48.14. Nevertheless, trading volume fell to 0.6 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for FormFactor Inc (FORM)
According to the 24-hour chart, there is a support level at 42.77, which, if violated, would cause prices to drop to 42.36. In the upper region, resistance lies at 43.90. The next price resistance is at 44.62. RSI (Relative Strength Index) is 47.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.92, which suggests the price will decrease in the coming days. Percent R is at 73.53%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
