Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Photronics, Inc shares valued at $244,700 were sold by Lee Kang Jyh on Jan 17 ’25. At $24.47 per share, Lee Kang Jyh sold 10,000 shares. The insider’s holdings dropped to 562,100 shares worth approximately $12.69 million following the completion of this transaction.
Also, Lee Kang Jyh sold 8,750 shares, netting a total of over 213,500 in proceeds. Following the sale of shares at $24.40 each, the insider now holds 572,100 shares.
Before that, Lee Kang Jyh had added 10,000 shares to its account. In a trade valued at $244,747, the Officer bought Photronics, Inc shares for $24.47 each.
As published in a research note from Northland Capital on May 22, 2023, Photronics, Inc [PLAB] has been rated down from an Outperform to a Market perform. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of February 25, 2021, Stifel has decreased its “Buy” rating to a “Hold” for PLAB. Earlier on September 11, 2020, Stifel upgraded its rating. Their new recommendation was “a Buy” for PLAB stock which previously was a “a Hold”.
Analyzing PLAB Stock Performance
During the last five days, there has been a surge of approximately 0.09%. Over the course of the year, Photronics, Inc shares have dropped approximately -4.20%. Shares of the company reached a 52-week high of $25.36 on 01/07/25 and a 52-week low of $21.97 on 02/03/25. A 50-day SMA is recorded $23.90, while a 200-day SMA reached $24.66. Nevertheless, trading volume fell to 0.58 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Photronics, Inc (PLAB)
According to the 24-hour chart, there is a support level at 22.35, which, if violated, would cause prices to drop to 22.13. In the upper region, resistance lies at 22.80. The next price resistance is at 23.04. RSI (Relative Strength Index) is 43.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 60.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
