Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lam Research Corp shares valued at $124,757 were sold by Mayer Bethany on Nov 01 ’24. At $75.16 per share, Mayer Bethany sold 1,660 shares. The insider’s holdings dropped to 28,930 shares worth approximately $2.54 million following the completion of this transaction.
Also, Mayer Bethany purchased 1,660 shares, netting a total of over 124,757 in proceeds.
Before that, Correia Christina had sold 647 shares from its account. In a trade valued at $528,929, the CVP , Chief Accounting Officer traded Lam Research Corp shares for $817.51 each. Upon closing the transaction, the insider’s holdings decreased to 647 shares, worth approximately $0.37 million.
As published in a research note from Cantor Fitzgerald on January 30, 2025, Lam Research Corp [LRCX] has been rated up from a Neutral to an Overweight and the price target has been revised to $100. Analysts at Bernstein upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late January. As of January 17, 2025, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for LRCX. Earlier on January 15, 2025, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for LRCX stock which previously was a “an Outperform”.
Analyzing LRCX Stock Performance
During the last five days, there has been a surge of approximately 5.28%. Over the course of the year, Lam Research Corp shares have jumped approximately 21.36%. Shares of the company reached a 52-week high of $89.80 on 02/19/25 and a 52-week low of $71.74 on 01/02/25. A 50-day SMA is recorded $77.93, while a 200-day SMA reached $84.33. Nevertheless, trading volume fell to 15.57 million shares from 16.2 million shares the previous day.
Support And Resistance Levels for Lam Research Corp (LRCX)
According to the 24-hour chart, there is a support level at 85.67, which, if violated, would cause prices to drop to 83.69. In the upper region, resistance lies at 89.72. The next price resistance is at 91.79. RSI (Relative Strength Index) is 67.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.96, which suggests the price will increase in the coming days. Percent R is at 17.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
