ACM Research Inc’s recent filing unveils that its Director Dun Haiping unloaded Company’s shares for reported $0.33 million on Nov 29 ’24. In the deal valued at $17.43 per share,19,058 shares were sold. As a result of this transaction, Dun Haiping now holds 755,090 shares worth roughly $11.51 million.
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Then, Wang David H sold 56,250 shares, generating $981,000 in total proceeds. Upon selling the shares at $17.44, the insider now owns 598,006 shares.
Before that, Wang David H sold 56,250 shares. ACM Research Inc shares valued at $1,006,087 were divested by the insider at a price of $17.89 per share. As a result of the transaction, Wang David H now holds 654,256 shares, worth roughly $9.97 million.
Craig Hallum downgraded its ACM Research Inc [ACMR] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Goldman also remained covering ACMR and has increased its forecast on February 29, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies revised its rating on July 03, 2023. It rated ACMR as “a Buy” which previously was an “an Underperform”.
Price Performance Review of ACMR
On Monday, ACM Research Inc [NASDAQ:ACMR] saw its stock fall -2.25% to $15.24. Over the last five days, the stock has lost -4.87%. ACM Research Inc shares have fallen nearly -22.01% since the year began. Nevertheless, the stocks have fallen -14.81% over the past one year. While a 52-week high of $34.40 was reached on 03/01/24, a 52-week low of $13.87 was recorded on 12/05/24. SMA at 50 days reached $18.50, while 200 days put it at $21.91.
Levels Of Support And Resistance For ACMR Stock
The 24-hour chart illustrates a support level at 15.09, which if violated will result in even more drops to 14.94. On the upside, there is a resistance level at 15.51. A further resistance level may holdings at 15.78. The Relative Strength Index (RSI) on the 14-day chart is 38.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.02%. Stochastics %K at 29.38% indicates the stock is a holding.
How much short interest is there in ACM Research Inc?
A steep rise in short interest was recorded in ACM Research Inc stocks on 2024-11-29, dropping by -0.63 million shares to a total of 3.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.55 million shares. There was a decline of -16.16%, which implies that there is a negative sentiment for the stock.
