Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Axcelis Technologies Inc shares valued at $812,928 were purchased by DOUGLAS LAWSON on Aug 29 ’24. At $112.07 per share, DOUGLAS LAWSON acquired 7,254 shares.
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Also, Titinger Jorge sold 6,086 shares, netting a total of over 669,338 in proceeds. Following the sale of shares at $109.98 each, the insider now holds 5,891 shares.
Before that, JORGE TITINGER had added 6,086 shares to its account. In a trade valued at $669,338, the Director bought Axcelis Technologies Inc shares for $109.98 each.
As published in a research note from The Benchmark Company on November 08, 2024, Axcelis Technologies Inc [ACLS] has been rated down from a Buy to a Hold. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of December 15, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for ACLS. Earlier on September 15, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for ACLS stock.
Analyzing ACLS Stock Performance
During the last five days, there has been a drop of approximately -9.36%. Over the course of the year, Axcelis Technologies Inc shares have dropped approximately -38.53%. Shares of the company reached a 52-week high of $158.61 on 07/10/24 and a 52-week low of $79.07 on 11/13/24. A 50-day SMA is recorded $95.66, while a 200-day SMA reached $112.29. Nevertheless, trading volume fell to 0.78 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Axcelis Technologies Inc (ACLS)
According to the 24-hour chart, there is a support level at 78.30, which, if violated, would cause prices to drop to 76.87. In the upper region, resistance lies at 81.92. The next price resistance is at 84.12. RSI (Relative Strength Index) is 27.15 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.99, which suggests the price will decrease in the coming days. Percent R is at 95.15%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
