Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ultra Clean Hldgs Inc shares valued at $337,500 were purchased by Bajwa Harjinder on Nov 15 ’24. At $33.75 per share, Bajwa Harjinder acquired 10,000 shares. The insider’s holdings grew to 54,291 shares worth approximately $2.03 million following the completion of this transaction.
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Also, Bajwa Harjinder purchased 15,000 shares, netting a total of over 522,500 in proceeds. Following the buying of shares at $34.83 each, the insider now holds 44,291 shares.
Before that, McKibben Jeffrey L. had sold 3,422 shares from its account. In a trade valued at $130,720, the Chief Information Officer traded Ultra Clean Hldgs Inc shares for $38.20 each. Upon closing the transaction, the insider’s holdings decreased to 3,422 shares, worth approximately $0.7 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 4.18%. Over the course of the year, Ultra Clean Hldgs Inc shares have jumped approximately 9.58%. 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 $41.86. Nevertheless, trading volume fell to 0.35 million shares from 0.45 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 36.59, which, if violated, would cause prices to drop to 35.77. In the upper region, resistance lies at 38.07. The next price resistance is at 38.73. RSI (Relative Strength Index) is 54.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.44, which suggests the price will increase in the coming days. Percent R is at 28.75%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
