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 $83,325 were purchased by Bajwa Harjinder on Oct 31 ’24. At $33.33 per share, Bajwa Harjinder acquired 2,500 shares. The insider’s holdings grew to 29,291 shares worth approximately $1.1 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Savage Sheri sold 2,440 shares, netting a total of over 136,323 in proceeds. Following the sale of shares at $55.87 each, the insider now holds 49,238 shares.
Before that, Savage Sheri had sold 897 shares from its account. In a trade valued at $50,115, the CFO traded Ultra Clean Hldgs Inc shares for $55.87 each. Upon closing the transaction, the insider’s holdings decreased to 897 shares, worth approximately $1.94 million.
As published in a research note from Needham on October 29, 2024, Ultra Clean Hldgs Inc [UCTT] has been retained to a Buy and the price target has been revised to $44. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of July 26, 2024, TD Cowen has reiterated its “Buy” rating for UCTT. Earlier on May 07, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for UCTT stock.
Analyzing UCTT Stock Performance
During the last five days, there has been a surge of approximately 4.65%. Over the course of the year, Ultra Clean Hldgs Inc shares have jumped approximately 9.99%. 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 $36.28, while a 200-day SMA reached $42.12. Nevertheless, trading volume fell to 0.56 million shares from 0.47 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 36.87, which, if violated, would cause prices to drop to 36.19. In the upper region, resistance lies at 38.11. The next price resistance is at 38.68. RSI (Relative Strength Index) is 54.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 12.41%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
