In a filing, FormFactor Inc revealed its CEO SLESSOR MIKE unloaded Company’s shares for reported $0.16 million on Feb 03 ’25. In the deal valued at $38.98 per share,4,000 shares were sold. As a result of this transaction, SLESSOR MIKE now holds 518,531 shares worth roughly $18.53 million.
Then, MIKE SLESSOR bought 4,000 shares, generating $155,952 in total proceeds.
Before that, SLESSOR MIKE sold 4,000 shares. FormFactor Inc shares valued at $177,772 were divested by the CEO at a price of $44.44 per share. As a result of the transaction, SLESSOR MIKE now holds 522,531 shares, worth roughly $18.67 million.
B. Riley Securities downgraded its FormFactor Inc [FORM] rating to a Neutral from a a Buy in a research note published on February 06, 2025; the price target was decreased to $34 from $64. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. Citigroup also remained covering FORM and has increased its forecast on January 06, 2025 with a “Buy” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on October 31, 2024. It rated FORM as “a Hold”.
Price Performance Review of FORM
On Monday, FormFactor Inc [NASDAQ:FORM] saw its stock fall -0.31% to $35.73. Over the last five days, the stock has lost -9.73%. FormFactor Inc shares have fallen nearly -18.80% since the year began. Nevertheless, the stocks have fallen -6.27% over the past one year. While a 52-week high of $63.62 was reached on 01/07/25, a 52-week low of $32.71 was recorded on 02/06/25. SMA at 50 days reached $42.40, while 200 days put it at $47.78.
Levels Of Support And Resistance For FORM Stock
The 24-hour chart illustrates a support level at 35.22, which if violated will result in even more drops to 34.70. On the upside, there is a resistance level at 36.52. A further resistance level may holdings at 37.30. The Relative Strength Index (RSI) on the 14-day chart is 32.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.35%. Stochastics %K at 33.33% indicates the stock is a holding.
How much short interest is there in FormFactor Inc?
A steep rise in short interest was recorded in FormFactor Inc stocks on 2025-01-15, growing by 0.35 million shares to a total of 3.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.21 million shares. There was a rise of 9.79%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 01, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $60.
