KLA Corp. shares reach highest level since October 2024

Investing.com -- Shares of KLA Corp. experienced a significant rise on Monday, marking the company's biggest intraday increase since September 26, 2024.

The stock rose as much as 6.1% to reach $696.87, a level not seen since October 29, 2024.

Earlier on Monday, the shares had already added up to 6.1%, testing potential resistance near the $697 mark. This mark was a notable low point for the company's stock back in September 2024.

Over the past year, KLA Corp.'s stock has seen a substantial increase. As of the last close before Monday's trading session, the company's shares had risen 21% in the past 12 months.

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Source: Investing.com