The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ichor Holdings Ltd shares valued at $547,284 were sold by BARROS PHILIP RYAN SR. on Dec 02 ’24. At $35.22 per share, BARROS PHILIP RYAN SR. sold 15,539 shares. The insider’s holdings dropped to 46,601 shares worth approximately $1.5 million following the completion of this transaction.
Also, BARROS PHILIP RYAN SR. purchased 15,539 shares, netting a total of over 509,058 in proceeds.
Before that, Andreson Jeff had sold 42,800 shares from its account. In a trade valued at $1,480,024, the Chief Executive Officer traded Ichor Holdings Ltd shares for $34.58 each. Upon closing the transaction, the insider’s holdings decreased to 42,800 shares, worth approximately $8.63 million.
As published in a research note from TD Cowen on January 17, 2025, Ichor Holdings Ltd [ICHR] has been retained to a Buy and the price target has been revised to $38. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid January. As of November 05, 2024, TD Cowen has reiterated its “Buy” rating for ICHR. Earlier on September 26, 2024, DA Davidson initiated its rating. Their recommendation was “a Buy” for ICHR stock.
Analyzing ICHR Stock Performance
During the last five days, there has been a surge of approximately 18.66%. Over the course of the year, Ichor Holdings Ltd shares have jumped approximately 0.17%. Shares of the company reached a 52-week high of $34.54 on 01/06/25 and a 52-week low of $25.95 on 01/27/25. A 50-day SMA is recorded $31.45, while a 200-day SMA reached $33.04. Nevertheless, trading volume fell to 0.71 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Ichor Holdings Ltd (ICHR)
According to the 24-hour chart, there is a support level at 30.69, which, if violated, would cause prices to drop to 29.10. In the upper region, resistance lies at 33.11. The next price resistance is at 33.95. RSI (Relative Strength Index) is 60.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 13.12%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
