Ultra Clean Hldgs Inc [UCTT] General Counsel and Secretary makes an insider sale of 4,689 shares worth $0.13 million.

Ultra Clean Hldgs Inc’s recent filing unveils that its General Counsel and Secretary Cho Paul Yoonku unloaded Company’s shares for reported $0.13 million on Dec 04 ’23. In the deal valued at $28.38 per share,4,689 shares were sold. As a result of this transaction, Cho Paul Yoonku now holds 15,147 shares worth roughly $0.7 million.

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Then, McKibben Jeffrey L. sold 4,200 shares, generating $112,168 in total proceeds. Upon selling the shares at $26.71, the Chief Information Officer now owns 22,408 shares.

Before that, McKibben Jeffrey L. sold 3,720 shares. Ultra Clean Hldgs Inc shares valued at $97,687 were divested by the Chief Information Officer at a price of $26.26 per share. As a result of the transaction, McKibben Jeffrey L. now holds 26,608 shares, worth roughly $1.22 million.

TD Cowen reiterated its Ultra Clean Hldgs Inc [UCTT] rating to an Outperform in a research note published on February 22, 2024; the price target was $47. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Buy”‘ rating for it. Craig Hallum also remained covering UCTT and has increased its forecast on July 28, 2023 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on January 10, 2023. It rated UCTT as “a Hold” which previously was an “a Buy”.

Price Performance Review of UCTT

On Tuesday, Ultra Clean Hldgs Inc [NASDAQ:UCTT] saw its stock jump 0.90% to $46.00. Over the last five days, the stock has gained 1.41%. Ultra Clean Hldgs Inc shares have risen nearly 34.74% since the year began. Nevertheless, the stocks have risen 53.64% over the past one year. While a 52-week high of $49.25 was reached on 02/22/24, a 52-week low of $22.15 was recorded on 01/05/24. SMA at 50 days reached $39.65, while 200 days put it at $33.66. A total of 0.22 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For UCTT Stock

The 24-hour chart illustrates a support level at 45.05, which if violated will result in even more drops to 44.09. On the upside, there is a resistance level at 46.52. A further resistance level may holdings at 47.03. The Relative Strength Index (RSI) on the 14-day chart is 61.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.08%. Stochastics %K at 59.93% indicates the stock is a holding.

How much short interest is there in Ultra Clean Hldgs Inc?

A steep rise in short interest was recorded in Ultra Clean Hldgs Inc stocks on Feb 29, 2024, growing by 22040.0 shares to a total of 0.97 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.95 million shares. There was a rise of 2.27%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.12.

The most recent change occurred on April 12, 2021 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $66.

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