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Checking in on ACM Research Inc (ACMR) after recent insiders movement

ACM Research Inc’s recent filing unveils that its insider Wang David H unloaded Company’s shares for reported $2.41 million on Mar 14 ’24. In the deal valued at $27.62 per share,87,089 shares were sold. As a result of this transaction, Wang David H now holds 504,018 shares worth roughly $13.47 million.

Then, Dun Haiping sold 19,434 shares, generating $538,376 in total proceeds. Upon selling the shares at $27.70, the Director now owns 855,090 shares.

Before that, Cheav Sotheara sold 5,000 shares. ACM Research Inc shares valued at $139,428 were divested by the insider at a price of $27.89 per share. As a result of the transaction, Cheav Sotheara now holds 100,002 shares, worth roughly $2.67 million.

Goldman upgraded its ACM Research Inc [ACMR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early July from “an Underperform” to “a Buy”. Morgan Stanley also remained covering ACMR and has increased its forecast on March 06, 2023 with a “an Overweight” recommendation from previously “an Underweight” rating. Jefferies revised its rating on February 27, 2023. It rated ACMR as “an Underperform” which previously was an “a Hold”.

Price Performance Review of ACMR

On Monday, ACM Research Inc [NASDAQ:ACMR] saw its stock fall -1.15% to $26.73. Over the last five days, the stock has gained 3.81%. ACM Research Inc shares have risen nearly 36.80% since the year began. Nevertheless, the stocks have risen 186.19% over the past one year. While a 52-week high of $34.40 was reached on 03/01/24, a 52-week low of $8.75 was recorded on 02/05/24. SMA at 50 days reached $27.96, while 200 days put it at $19.65. A total of 1.06 million shares were traded, compared to the trading of 1.22 million shares in the previous session.

Levels Of Support And Resistance For ACMR Stock

The 24-hour chart illustrates a support level at 25.52, which if violated will result in even more drops to 24.31. On the upside, there is a resistance level at 27.55. A further resistance level may holdings at 28.37. The Relative Strength Index (RSI) on the 14-day chart is 45.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.18%. Stochastics %K at 39.98% indicates the stock is a holding.

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