In a filing, Axcelis Technologies Inc revealed its PRESIDENT AND CEO Low Russell acquired Company’s shares for reported $49452.0 on Mar 11 ’24. In the deal valued at $112.39 per share,440 shares were bought. As a result of this transaction, Low Russell now holds 57,754 shares worth roughly $6.29 million.
Then, COOGAN JAMES GORDON bought 100 shares, generating $11,223 in total proceeds. Upon buying the shares at $112.23, the EVP AND CFO now owns 5,991 shares.
Before that, Lawson Douglas A. bought 500 shares. Axcelis Technologies Inc shares valued at $55,520 were divested by the EVP, CORPORATE MKTG & STRATEGY at a price of $111.04 per share. As a result of the transaction, Lawson Douglas A. now holds 19,648 shares, worth roughly $2.14 million.
BofA Securities downgraded its Axcelis Technologies Inc [ACLS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Craig Hallum also remained covering ACLS and has decreased its forecast on August 04, 2023 with a “Hold” recommendation from previously “Buy” rating. Needham revised its rating on June 14, 2023. It rated ACLS as “a Hold” which previously was an “a Buy”.
Price Performance Review of ACLS
On Tuesday, Axcelis Technologies Inc [NASDAQ:ACLS] saw its stock jump 3.99% to $108.90. Over the last five days, the stock has gained 0.67%. Axcelis Technologies Inc shares have fallen nearly -16.03% since the year began. Nevertheless, the stocks have fallen -13.12% over the past one year. While a 52-week high of $201.00 was reached on 01/24/24, a 52-week low of $103.25 was recorded on 04/05/24. SMA at 50 days reached $115.43, while 200 days put it at $144.16. A total of 0.53 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For ACLS Stock
The 24-hour chart illustrates a support level at 106.78, which if violated will result in even more drops to 104.66. On the upside, there is a resistance level at 110.02. A further resistance level may holdings at 111.14. The Relative Strength Index (RSI) on the 14-day chart is 46.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.51%. Stochastics %K at 20.69% indicates the stock is a holding.
How much short interest is there in Axcelis Technologies Inc?
A steep rise in short interest was recorded in Axcelis Technologies Inc stocks on Mar 28, 2024, growing by 0.32 million shares to a total of 1.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.65 million shares. There was a rise of 16.24%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.92% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.38.
The most recent change occurred on June 05, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.
