The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Acacia Research Corp shares valued at $26,800 were purchased by Soncini Jason W. on May 17 ’24. At $5.36 per share, Soncini Jason W. acquired 5,000 shares. The insider’s holdings grew to 226,661 shares worth approximately $1.06 million following the completion of this transaction.
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Also, McNulty Martin D. Jr. purchased 14,534 shares, netting a total of over 76,304 in proceeds. Following the buying of shares at $5.25 each, the insider now holds 193,699 shares.
Before that, McNulty Martin D. Jr. had added 4,428 shares to its account. In a trade valued at $24,000, the Chief Executive Officer bought Acacia Research Corp shares for $5.42 each. Upon closing the transaction, the insider’s holdings increased to 4,428 shares, worth approximately $0.93 million.
As published in their initiating research note from Craig Hallum on May 22, 2020, Acacia Research Corp [ACTG] has been a Buy and the price target has been revised to $4. Analysts at Barclays resumed the stock at ‘”an Underweight”‘ outlook in a report released in late July. As of May 23, 2016, Northland Capital has increased its “Market perform” rating to a “an Outperform” for ACTG. Earlier on December 23, 2015, Lake Street resumed its rating. Their recommendation was “a Buy” for ACTG stock.
Analyzing ACTG Stock Performance
During the last five days, there has been a drop of approximately -5.08%. Over the course of the year, Acacia Research Corp shares have jumped approximately 19.13%. Shares of the company reached a 52-week high of $5.74 on 06/03/24 and a 52-week low of $3.65 on 01/05/24. A 50-day SMA is recorded $5.14, while a 200-day SMA reached $4.56. Nevertheless, trading volume fell to 0.37 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Acacia Research Corp (ACTG)
According to the 24-hour chart, there is a support level at 4.61, which, if violated, would cause prices to drop to 4.54. In the upper region, resistance lies at 4.74. The next price resistance is at 4.80. RSI (Relative Strength Index) is 38.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 72.17%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
