In a filing, Acacia Research Corp revealed its General Counsel Soncini Jason W. acquired Company’s shares for reported $26800.0 on May 17 ’24. In the deal valued at $5.36 per share,5,000 shares were bought. As a result of this transaction, Soncini Jason W. now holds 226,661 shares worth roughly $1.14 million.
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Then, McNulty Martin D. Jr. bought 4,428 shares, generating $24,000 in total proceeds. Upon buying the shares at $5.42, the Chief Executive Officer now owns 198,127 shares.
Before that, McNulty Martin D. Jr. bought 14,534 shares. Acacia Research Corp shares valued at $76,304 were divested by the Chief Executive Officer at a price of $5.25 per share. As a result of the transaction, McNulty Martin D. Jr. now holds 193,699 shares, worth roughly $0.97 million.
Craig Hallum initiated its Acacia Research Corp [ACTG] rating to a Buy in a research note published on May 22, 2020; the price target was $4. A number of analysts have revised their coverage, including Barclays’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Underweight”‘ rating for it. Northland Capital also remained covering ACTG and has increased its forecast on May 23, 2016 with a “an Outperform” recommendation from previously “Market perform” rating. Lake Street maintained its rating on December 23, 2015. It rated ACTG as “a Buy”.
Price Performance Review of ACTG
On Friday, Acacia Research Corp [NASDAQ:ACTG] saw its stock jump 2.24% to $5.01. Over the last five days, the stock has gained 0.20%. Acacia Research Corp shares have risen nearly 27.81% since the year began. Nevertheless, the stocks have risen 24.63% over the past one year. While a 52-week high of $5.74 was reached on 06/03/24, a 52-week low of $3.43 was recorded on 01/05/24. SMA at 50 days reached $5.19, while 200 days put it at $4.30. A total of 0.61 million shares were traded, compared to the trading of 0.16 million shares in the previous session.
Levels Of Support And Resistance For ACTG Stock
The 24-hour chart illustrates a support level at 4.90, which if violated will result in even more drops to 4.78. On the upside, there is a resistance level at 5.09. A further resistance level may holdings at 5.16. The Relative Strength Index (RSI) on the 14-day chart is 41.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.18%. Stochastics%K at 14.17% indicates the stock is a buying.
The most recent change occurred on August 20, 2015 when Barclays resumed its ‘”an Equal weight”‘ rating for the stock and retained the price target to $12.
