Ultra Clean Hldgs Inc’s filing revealed that its CFO Savage Sheri unloaded Company’s shares for reported $0.14 million on Jul 12 ’24. In the deal valued at $55.87 per share,2,440 shares were sold. As a result of this transaction, Savage Sheri now holds 49,238 shares worth roughly $1.86 million.
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Then, Savage Sheri sold 897 shares, generating $50,115 in total proceeds. Upon selling the shares at $55.87, the CFO now owns 51,678 shares.
Before that, Scholhamer James P sold 26,608 shares. Ultra Clean Hldgs Inc shares valued at $1,466,101 were divested by the CEO at a price of $55.10 per share. As a result of the transaction, Scholhamer James P now holds 418,453 shares, worth roughly $15.78 million.
TD Cowen reiterated its Ultra Clean Hldgs Inc [UCTT] rating to a Buy in a research note published on July 26, 2024; the price target was $60. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering UCTT and reiterated its “an Outperform” recommendation on February 22, 2024. Needham maintained its rating on August 25, 2023. It rated UCTT as “a Buy”.
Price Performance Review of UCTT
On Friday, Ultra Clean Hldgs Inc [NASDAQ:UCTT] saw its stock jump 0.94% to $37.70. Over the last five days, the stock has lost -2.31%. Ultra Clean Hldgs Inc shares have risen nearly 10.43% since the year began. Nevertheless, the stocks have risen 8.05% over the past one year. While a 52-week high of $56.47 was reached on 07/16/24, a 52-week low of $22.15 was recorded on 01/05/24. SMA at 50 days reached $44.12, while 200 days put it at $40.85.
Levels Of Support And Resistance For UCTT Stock
The 24-hour chart illustrates a support level at 37.09, which if violated will result in even more drops to 36.49. On the upside, there is a resistance level at 38.25. A further resistance level may holdings at 38.81. The Relative Strength Index (RSI) on the 14-day chart is 41.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.26%. Stochastics %K at 40.77% indicates the stock is a holding.
How much short interest is there in Ultra Clean Hldgs Inc?
A steep rise in short interest was recorded in Ultra Clean Hldgs Inc stocks on 2024-08-15, growing by 10756.0 shares to a total of 0.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.66 million shares. There was a rise of 1.61%, which implies that there is a positive sentiment for the stock.
