Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Axcelis Technologies Inc shares valued at $49,452 were purchased by Low Russell on Mar 11 ’24. At $112.39 per share, Low Russell acquired 440 shares. The insider’s holdings grew to 57,754 shares worth approximately $5.7 million following the completion of this transaction.
Also, COOGAN JAMES GORDON purchased 100 shares, netting a total of over 11,223 in proceeds. Following the buying of shares at $112.23 each, the insider now holds 5,991 shares.
Before that, Lawson Douglas A. had added 500 shares to its account. In a trade valued at $55,520, the EVP, CORPORATE MKTG & STRATEGY bought Axcelis Technologies Inc shares for $111.04 each. Upon closing the transaction, the insider’s holdings increased to 500 shares, worth approximately $1.94 million.
As published in a research note from BofA Securities on December 15, 2023, Axcelis Technologies Inc [ACLS] has been rated down from a Buy to a Neutral. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of August 04, 2023, Craig Hallum has decreased its “Buy” rating to a “Hold” for ACLS. Earlier on June 14, 2023, Needham downgraded its rating. Their new recommendation was “a Hold” for ACLS stock which previously was a “a Buy”.
Analyzing ACLS Stock Performance
During the last five days, there has been a drop of approximately -2.99%. Over the course of the year, Axcelis Technologies Inc shares have dropped approximately -23.91%. Shares of the company reached a 52-week high of $145.77 on 01/24/24 and a 52-week low of $93.77 on 04/22/24. A 50-day SMA is recorded $109.29, while a 200-day SMA reached $140.07. Nevertheless, trading volume fell to 0.48 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Axcelis Technologies Inc (ACLS)
According to the 24-hour chart, there is a support level at 96.83, which, if violated, would cause prices to drop to 94.98. In the upper region, resistance lies at 100.65. The next price resistance is at 102.62. RSI (Relative Strength Index) is 38.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.73, which suggests the price will decrease in the coming days. Percent R is at 67.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
