Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Silvaco Group Inc shares valued at $179,855 were sold by Guichard Eric on Nov 15 ’24. At $7.19 per share, Guichard Eric sold 25,000 shares. The insider’s holdings dropped to 57,902 shares worth approximately $0.56 million following the completion of this transaction.
Also, ERIC GUICHARD purchased 25,000 shares, netting a total of over 179,855 in proceeds.
As published in a research note from TD Cowen on November 13, 2024, Silvaco Group Inc [SVCO] has been retained to a Buy and the price target has been revised to $15. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid October. As of October 16, 2024, TD Cowen has reiterated its “Buy” rating for SVCO. Earlier on June 05, 2024, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for SVCO stock.
Analyzing SVCO Stock Performance
During the last five days, there has been a surge of approximately 17.52%. Over the course of the year, Silvaco Group Inc shares have jumped approximately 19.55%. Nevertheless, trading volume fell to 0.88 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Silvaco Group Inc (SVCO)
According to the 24-hour chart, there is a support level at 8.71, which, if violated, would cause prices to drop to 7.76. In the upper region, resistance lies at 10.16. The next price resistance is at 10.66. RSI (Relative Strength Index) is 69.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 2.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
