Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ultra Clean Hldgs Inc shares valued at $136,323 were sold by Savage Sheri on Jul 12 ’24. At $55.87 per share, Savage Sheri sold 2,440 shares. The insider’s holdings dropped to 49,238 shares worth approximately $1.73 million following the completion of this transaction.
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Also, Savage Sheri sold 897 shares, netting a total of over 50,115 in proceeds. Following the sale of shares at $55.87 each, the insider now holds 51,678 shares.
Before that, Scholhamer James P had sold 26,608 shares from its account. In a trade valued at $1,466,101, the CEO traded Ultra Clean Hldgs Inc shares for $55.10 each. Upon closing the transaction, the insider’s holdings decreased to 26,608 shares, worth approximately $14.68 million.
As published in their initiating research note from Oppenheimer on September 25, 2024, Ultra Clean Hldgs Inc [UCTT] has been an Outperform and the price target has been revised to $70. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late July. As of May 07, 2024, TD Cowen has reiterated its “Buy” rating for UCTT. Earlier on February 22, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for UCTT stock.
Analyzing UCTT Stock Performance
During the last five days, there has been a drop of approximately -6.38%. Over the course of the year, Ultra Clean Hldgs Inc shares have jumped approximately 2.72%. Shares of the company reached a 52-week high of $56.47 on 07/16/24 and a 52-week low of $31.01 on 01/05/24. A 50-day SMA is recorded $36.87, while a 200-day SMA reached $42.10. Nevertheless, trading volume fell to 0.58 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Ultra Clean Hldgs Inc (UCTT)
According to the 24-hour chart, there is a support level at 34.53, which, if violated, would cause prices to drop to 33.99. In the upper region, resistance lies at 35.64. The next price resistance is at 36.22. RSI (Relative Strength Index) is 41.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.48, which suggests the price will decrease in the coming days. Percent R is at 91.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
