Photronics, Inc’s filing revealed that its CHIEF EXECUTIVE OFFICER Lee Kang Jyh unloaded Company’s shares for reported $0.24 million on Jan 17 ’25. In the deal valued at $24.47 per share,10,000 shares were sold. As a result of this transaction, Lee Kang Jyh now holds 562,100 shares worth roughly $12.12 million.
Then, Lee Kang Jyh sold 8,750 shares, generating $213,500 in total proceeds. Upon selling the shares at $24.40, the CHIEF EXECUTIVE OFFICER now owns 572,100 shares.
Before that, Lee Kang Jyh bought 10,000 shares. Photronics, Inc shares valued at $244,747 were divested by the Officer at a price of $24.47 per share.
Northland Capital downgraded its Photronics, Inc [PLAB] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. Stifel also remained covering PLAB and has decreased its forecast on February 25, 2021 with a “Hold” recommendation from previously “Buy” rating. Stifel revised its rating on September 11, 2020. It rated PLAB as “a Buy” which previously was an “a Hold”.
Price Performance Review of PLAB
On Friday, Photronics, Inc [NASDAQ:PLAB] saw its stock fall -0.87% to $21.57. Over the last five days, the stock has lost -3.14%. Photronics, Inc shares have fallen nearly -8.45% since the year began. Nevertheless, the stocks have fallen -19.75% over the past one year. While a 52-week high of $31.60 was reached on 01/07/25, a 52-week low of $20.25 was recorded on 02/24/25. SMA at 50 days reached $23.71, while 200 days put it at $24.56.
Levels Of Support And Resistance For PLAB Stock
The 24-hour chart illustrates a support level at 21.41, which if violated will result in even more drops to 21.24. On the upside, there is a resistance level at 21.85. A further resistance level may holdings at 22.12. The Relative Strength Index (RSI) on the 14-day chart is 33.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.99%. Stochastics %K at 14.92% indicates the stock is a buying.
