Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KLA Corp shares valued at $9,485,021 were sold by WALLACE RICHARD P on Nov 12 ’24. At $663.01 per share, WALLACE RICHARD P sold 14,306 shares. The insider’s holdings dropped to 90,347 shares worth approximately $67.51 million following the completion of this transaction.
Also, WALLACE RICHARD P purchased 14,306 shares, netting a total of over 9,485,021 in proceeds.
Before that, Donzella Oreste had added 2,837 shares to its account. In a trade valued at $2,342,000, the Officer bought KLA Corp shares for $825.52 each.
As published in a research note from Needham on January 13, 2025, KLA Corp [KLAC] has been rated up from a Hold to a Buy and the price target has been revised to $750. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of October 31, 2024, TD Cowen has reiterated its “Hold” rating for KLAC. Earlier on September 25, 2024, Oppenheimer initiated its rating. Their recommendation was “a Perform” for KLAC stock.
Analyzing KLAC Stock Performance
During the last five days, there has been a surge of approximately 8.90%. Over the course of the year, KLA Corp shares have jumped approximately 18.59%. Shares of the company reached a 52-week high of $779.07 on 01/16/25 and a 52-week low of $631.89 on 01/02/25. A 50-day SMA is recorded $655.44, while a 200-day SMA reached $730.98. Nevertheless, trading volume fell to 2.02 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for KLA Corp (KLAC)
According to the 24-hour chart, there is a support level at 727.54, which, if violated, would cause prices to drop to 707.81. In the upper region, resistance lies at 773.03. The next price resistance is at 798.79. RSI (Relative Strength Index) is 76.24 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 46.21, which suggests the price will increase in the coming days. Percent R is at 20.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
