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Investing in Axcelis Technologies Inc (ACLS): What You Must Know

Axcelis Technologies Inc’s filing revealed that its Officer DOUGLAS LAWSON acquired Company’s shares for reported $0.81 million on Aug 29 ’24. In the deal valued at $112.07 per share,7,254 shares were bought.

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Then, Titinger Jorge sold 6,086 shares, generating $669,338 in total proceeds. Upon selling the shares at $109.98, the Director now owns 5,891 shares.

Before that, JORGE TITINGER bought 6,086 shares. Axcelis Technologies Inc shares valued at $669,338 were divested by the Director at a price of $109.98 per share.

Craig Hallum upgraded its Axcelis Technologies Inc [ACLS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. BofA Securities began covering ACLS with “Buy” recommendation on September 15, 2023. Craig Hallum revised its rating on August 04, 2023. It rated ACLS as “a Hold” which previously was an “a Buy”.

Price Performance Review of ACLS

On Monday, Axcelis Technologies Inc [NASDAQ:ACLS] saw its stock jump 3.87% to $105.10. Over the last five days, the stock has gained 6.23%. Axcelis Technologies Inc shares have fallen nearly -18.96% since the year began. Nevertheless, the stocks have fallen -36.09% over the past one year. While a 52-week high of $170.97 was reached on 07/10/24, a 52-week low of $93.77 was recorded on 04/22/24. SMA at 50 days reached $105.23, while 200 days put it at $116.42.

Levels Of Support And Resistance For ACLS Stock

The 24-hour chart illustrates a support level at 102.68, which if violated will result in even more drops to 100.27. On the upside, there is a resistance level at 106.45. A further resistance level may holdings at 107.81. The Relative Strength Index (RSI) on the 14-day chart is 54.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.70%. Stochastics %K at 38.29% indicates the stock is a holding.

How much short interest is there in Axcelis Technologies Inc?

A steep rise in short interest was recorded in Axcelis Technologies Inc stocks on 2024-09-30, growing by 69702.0 shares to a total of 2.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.03 million shares. There was a rise of 3.32%, which implies that there is a positive sentiment for the stock.

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