Ultra Clean Hldgs Inc’s filing revealed 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 $0.67 million.
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 $1.17 million.
TD Cowen reiterated its Ultra Clean Hldgs Inc [UCTT] rating to a Buy in a research note published on May 07, 2024; the price target was $55. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late February has reiterated a ‘”an Outperform”‘ rating for it. Needham also remained covering UCTT and reiterated its “Buy” recommendation on August 25, 2023. Craig Hallum revised its rating on July 28, 2023. It rated UCTT as “a Buy” which previously was an “a Hold”.
Price Performance Review of UCTT
On Tuesday, Ultra Clean Hldgs Inc [NASDAQ:UCTT] saw its stock jump 2.58% to $44.07. Over the last five days, the stock has gained 5.36%. Ultra Clean Hldgs Inc shares have risen nearly 29.09% since the year began. Nevertheless, the stocks have risen 56.17% 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 $43.70, while 200 days put it at $34.98. A total of 0.42 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For UCTT Stock
The 24-hour chart illustrates a support level at 42.66, which if violated will result in even more drops to 41.25. On the upside, there is a resistance level at 46.44. A further resistance level may holdings at 48.80. The Relative Strength Index (RSI) on the 14-day chart is 56.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.00%. Stochastics %K at 74.28% indicates the stock is a holding.
