In a filing, Lam Research Corp revealed its Director Mayer Bethany unloaded Company’s shares for reported $0.12 million on Nov 01 ’24. In the deal valued at $75.16 per share,1,660 shares were sold. As a result of this transaction, Mayer Bethany now holds 28,930 shares worth roughly $2.38 million.
Then, Mayer Bethany bought 1,660 shares, generating $124,757 in total proceeds.
Before that, Correia Christina sold 647 shares. Lam Research Corp shares valued at $528,929 were divested by the CVP , Chief Accounting Officer at a price of $817.51 per share. As a result of the transaction, Correia Christina now holds 4,267 shares, worth roughly $0.35 million.
Cantor Fitzgerald upgraded its Lam Research Corp [LRCX] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in late January from “a Mkt perform” to “an Outperform”. KeyBanc Capital Markets also remained covering LRCX and has increased its forecast on January 17, 2025 with a “an Overweight” recommendation from previously “Sector weight” rating. Wolfe Research revised its rating on January 15, 2025. It rated LRCX as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of LRCX
On Friday, Lam Research Corp [NASDAQ:LRCX] saw its stock fall -0.60% to $82.33. Over the last five days, the stock has gained 1.58%. Lam Research Corp shares have risen nearly 13.98% since the year began. Nevertheless, the stocks have fallen -1.36% over the past one year. While a 52-week high of $113.00 was reached on 01/22/25, a 52-week low of $68.87 was recorded on 01/02/25. SMA at 50 days reached $76.69, while 200 days put it at $84.53.
Levels Of Support And Resistance For LRCX Stock
The 24-hour chart illustrates a support level at 81.58, which if violated will result in even more drops to 80.82. On the upside, there is a resistance level at 83.30. A further resistance level may holdings at 84.26. The Relative Strength Index (RSI) on the 14-day chart is 59.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.28%. Stochastics %K at 76.03% indicates the stock is a holding.
How much short interest is there in Lam Research Corp?
A steep rise in short interest was recorded in Lam Research Corp stocks on 2025-01-15, growing by 5.57 million shares to a total of 37.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 31.84 million shares. There was a rise of 14.9%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 17, 2024 when Cleveland Research began covering the stock and recommended ‘”a Neutral”‘ rating .
