The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lam Research Corp shares valued at $9,907,200 were sold by Varadarajan Seshasayee on Feb 20 ’25. At $90.00 per share, Varadarajan Seshasayee sold 110,080 shares. The insider’s holdings dropped to 179,084 shares worth approximately $13.89 million following the completion of this transaction.
Also, Varadarajan Seshasayee purchased 110,080 shares, netting a total of over 9,907,200 in proceeds.
Before that, Mayer Bethany had sold 1,660 shares from its account. In a trade valued at $124,757, the Director traded Lam Research Corp shares for $75.16 each. Upon closing the transaction, the insider’s holdings decreased to 1,660 shares, worth approximately $2.24 million.
Analysts at Susquehanna upgraded the stock from ‘”a Neutral”‘ to ‘”a Positive”‘ outlook in a report released in mid February. As of January 30, 2025, Cantor Fitzgerald has increased its “Neutral” rating to a “an Overweight” for LRCX. Earlier on January 30, 2025, Bernstein upgraded its rating. Their new recommendation was “an Outperform” for LRCX stock which previously was a “a Mkt perform”.
Analyzing LRCX Stock Performance
During the last five days, there has been a surge of approximately 3.04%. Over the course of the year, Lam Research Corp shares have jumped approximately 7.37%. Shares of the company reached a 52-week high of $91.72 on 02/20/25 and a 52-week low of $71.74 on 01/02/25. A 50-day SMA is recorded $79.43, while a 200-day SMA reached $82.78.
Support And Resistance Levels for Lam Research Corp (LRCX)
According to the 24-hour chart, there is a support level at 76.63, which, if violated, would cause prices to drop to 75.71. In the upper region, resistance lies at 78.29. The next price resistance is at 79.02. RSI (Relative Strength Index) is 48.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.78, which suggests the price will decrease in the coming days. Percent R is at 30.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
