ACM Research Inc’s recent filing unveils that its Director Dun Haiping unloaded Company’s shares for reported $0.3 million on Aug 22 ’24. In the deal valued at $19.85 per share,15,000 shares were sold. As a result of this transaction, Dun Haiping now holds 774,187 shares worth roughly $14.4 million.
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Then, HAIPING DUN bought 15,000 shares, generating $297,744 in total proceeds.
Before that, Wang Jian sold 30,000 shares. ACM Research Inc shares valued at $690,576 were divested by the insider at a price of $23.02 per share. As a result of the transaction, Wang Jian now holds 253,158 shares, worth roughly $4.71 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 -4.57% to $18.60. Over the last five days, the stock has lost -8.33%. ACM Research Inc shares have fallen nearly -4.81% since the year began. Nevertheless, the stocks have risen 21.09% over the past one year. While a 52-week high of $34.40 was reached on 03/01/24, a 52-week low of $12.53 was recorded on 08/05/24. SMA at 50 days reached $20.82, while 200 days put it at $22.19.
Levels Of Support And Resistance For ACMR Stock
The 24-hour chart illustrates a support level at 18.24, which if violated will result in even more drops to 17.87. On the upside, there is a resistance level at 19.23. A further resistance level may holdings at 19.85. The Relative Strength Index (RSI) on the 14-day chart is 44.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.37%. Stochastics %K at 72.06% indicates the stock is a holding.
How much short interest is there in ACM Research Inc?
A steep rise in short interest was recorded in ACM Research Inc stocks on 2024-07-31, growing by 0.26 million shares to a total of 4.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.24 million shares. There was a rise of 5.88%, which implies that there is a positive sentiment for the stock.
