Ultra Clean Hldgs Inc’s recently made public 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 $1.73 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 $14.67 million.
Oppenheimer initiated its Ultra Clean Hldgs Inc [UCTT] rating to an Outperform in a research note published on September 25, 2024; the price target was $70. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering UCTT and reiterated its “Buy” recommendation on May 07, 2024. TD Cowen maintained its rating on February 22, 2024. It rated UCTT as “an Outperform”.
Price Performance Review of UCTT
On Monday, Ultra Clean Hldgs Inc [NASDAQ:UCTT] saw its stock fall -1.52% to $35.05. Over the last five days, the stock has lost -3.23%. Ultra Clean Hldgs Inc shares have risen nearly 2.67% since the year began. Nevertheless, the stocks have risen 46.90% over the past one year. While a 52-week high of $56.47 was reached on 07/16/24, a 52-week low of $23.23 was recorded on 01/05/24. SMA at 50 days reached $36.71, while 200 days put it at $42.12.
Levels Of Support And Resistance For UCTT Stock
The 24-hour chart illustrates a support level at 34.54, which if violated will result in even more drops to 34.03. On the upside, there is a resistance level at 35.78. A further resistance level may holdings at 36.51. The Relative Strength Index (RSI) on the 14-day chart is 41.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.32%. Stochastics %K at 11.19% indicates the stock is a buying.
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 2024-10-15, growing by 0.19 million shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.66 million shares. There was a rise of 22.64%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 25, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $45.
