The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ACM Research Inc shares valued at $332,181 were sold by Dun Haiping on Nov 29 ’24. At $17.43 per share, Dun Haiping sold 19,058 shares. The insider’s holdings dropped to 755,090 shares worth approximately $10.65 million following the completion of this transaction.
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Also, Wang David H sold 56,250 shares, netting a total of over 981,000 in proceeds. Following the sale of shares at $17.44 each, the insider now holds 598,006 shares.
Before that, Wang David H had sold 56,250 shares from its account. In a trade valued at $1,006,087, the insider traded ACM Research Inc shares for $17.89 each. Upon closing the transaction, the insider’s holdings decreased to 56,250 shares, worth approximately $9.23 million.
As published in a research note from Craig Hallum on December 05, 2024, ACM Research Inc [ACMR] has been rated down from a Buy to a Hold and the price target has been revised to $18. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of February 29, 2024, Goldman has increased its “Neutral” rating to a “Buy” for ACMR. Earlier on July 03, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for ACMR stock which previously was a “an Underperform”.
Analyzing ACMR Stock Performance
During the last five days, there has been a drop of approximately -18.36%. Over the course of the year, ACM Research Inc shares have dropped approximately -27.84%. Shares of the company reached a 52-week high of $34.40 on 03/01/24 and a 52-week low of $13.87 on 12/05/24. A 50-day SMA is recorded $19.10, while a 200-day SMA reached $22.27. Nevertheless, trading volume fell to 6.06 million shares from 1.88 million shares the previous day.
Support And Resistance Levels for ACM Research Inc (ACMR)
According to the 24-hour chart, there is a support level at 13.12, which, if violated, would cause prices to drop to 12.15. In the upper region, resistance lies at 15.82. The next price resistance is at 17.55. RSI (Relative Strength Index) is 27.49 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.85, which suggests the price will decrease in the coming days. Percent R is at 95.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
