Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Onto Innovation Inc shares valued at $7,671,650 were sold by Plisinski Michael P on Jan 21 ’25. At $219.19 per share, Plisinski Michael P sold 35,000 shares. The insider’s holdings dropped to 150,492 shares worth approximately $28.87 million following the completion of this transaction.
Also, Plisinski Michael P sold 30,000 shares, netting a total of over 6,337,287 in proceeds. Following the sale of shares at $211.24 each, the insider now holds 185,492 shares.
Before that, Plisinski Michael P had added 35,000 shares to its account. In a trade valued at $7,671,808, the Officer bought Onto Innovation Inc shares for $219.19 each.
As published in their initiating research note from Cantor Fitzgerald on January 13, 2025, Onto Innovation Inc [ONTO] has been an Overweight and the price target has been revised to $250. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of August 19, 2024, Needham has increased its “Hold” rating to a “Buy” for ONTO. Earlier on May 13, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for ONTO stock.
Analyzing ONTO Stock Performance
During the last five days, there has been a drop of approximately -14.56%. Over the course of the year, Onto Innovation Inc shares have jumped approximately 15.08%. Shares of the company reached a 52-week high of $228.42 on 01/22/25 and a 52-week low of $167.54 on 01/02/25. A 50-day SMA is recorded $178.58, while a 200-day SMA reached $197.63. Nevertheless, trading volume fell to 1.06 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Onto Innovation Inc (ONTO)
According to the 24-hour chart, there is a support level at 186.81, which, if violated, would cause prices to drop to 181.80. In the upper region, resistance lies at 194.91. The next price resistance is at 198.00. RSI (Relative Strength Index) is 49.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -16.83, which suggests the price will decrease in the coming days. Percent R is at 73.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
