Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Photronics, Inc shares valued at $209,000 were purchased by Lee Kang Jyh on Mar 05 ’25. At $20.90 per share, Lee Kang Jyh acquired 10,000 shares.
Also, Lee Kang Jyh sold 10,000 shares, netting a total of over 244,700 in proceeds. Following the sale of shares at $24.47 each, the insider now holds 562,100 shares.
Before that, Lee Kang Jyh had sold 8,750 shares from its account. In a trade valued at $213,500, the CHIEF EXECUTIVE OFFICER traded Photronics, Inc shares for $24.40 each. Upon closing the transaction, the insider’s holdings decreased to 8,750 shares, worth approximately $11.96 million.
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 drop of approximately -0.92%. Over the course of the year, Photronics, Inc shares have dropped approximately -11.25%. Shares of the company reached a 52-week high of $25.36 on 01/07/25 and a 52-week low of $19.61 on 03/04/25. A 50-day SMA is recorded $22.92, while a 200-day SMA reached $24.26.
Support And Resistance Levels for Photronics, Inc (PLAB)
According to the 24-hour chart, there is a support level at 20.41, which, if violated, would cause prices to drop to 19.91. In the upper region, resistance lies at 21.18. The next price resistance is at 21.44. RSI (Relative Strength Index) is 40.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.10, which suggests the price will decrease in the coming days. Percent R is at 63.10%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
