In a filing, ACM Research Inc revealed its Possible member of 10% group Shanghai Science & Technology unloaded Company’s shares for reported $14.99 million on Oct 04 ’24. In the deal valued at $21.41 per share,700,000 shares were sold. As a result of this transaction, Shanghai Science & Technology now holds 2,703,906 shares worth roughly $49.56 million.
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
Then, Shanghai Science & Technology sold 275,000 shares, generating $6,620,566 in total proceeds. Upon selling the shares at $24.07, the Possible member of 10% group now owns 2,428,906 shares.
Before that, Shanghai Science & Technology sold 90,396 shares. ACM Research Inc shares valued at $1,910,067 were divested by the Possible member of 10% group at a price of $21.13 per share. As a result of the transaction, Shanghai Science & Technology now holds 2,338,510 shares, worth roughly $42.86 million.
Goldman upgraded its ACM Research Inc [ACMR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early July from “an Underperform” to “a Buy”. Morgan Stanley also remained covering ACMR and has increased its forecast on March 06, 2023 with a “an Overweight” recommendation from previously “an Underweight” rating. Jefferies revised its rating on February 27, 2023. It rated ACMR as “an Underperform” which previously was an “a Hold”.
Price Performance Review of ACMR
On Friday, ACM Research Inc [NASDAQ:ACMR] saw its stock fall -2.14% to $18.33. Over the last five days, the stock has lost -4.63%. ACM Research Inc shares have fallen nearly -6.19% since the year began. Nevertheless, the stocks have risen 0.49% over the past one year. While a 52-week high of $34.40 was reached on 03/01/24, a 52-week low of $13.94 was recorded on 08/05/24. SMA at 50 days reached $18.94, while 200 days put it at $22.31.
Levels Of Support And Resistance For ACMR Stock
The 24-hour chart illustrates a support level at 18.09, which if violated will result in even more drops to 17.85. On the upside, there is a resistance level at 18.60. A further resistance level may holdings at 18.86. The Relative Strength Index (RSI) on the 14-day chart is 44.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.24%. Stochastics %K at 15.00% indicates the stock is a buying.
How much short interest is there in ACM Research Inc?
A steep rise in short interest was recorded in ACM Research Inc stocks on 2024-10-31, dropping by -0.17 million shares to a total of 4.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.73 million shares. There was a decline of -3.83%, which implies that there is a negative sentiment for the stock.
