Ultra Clean Hldgs Inc’s recently made public that its Chief Operating Officer Bajwa Harjinder acquired Company’s shares for reported $0.34 million on Nov 15 ’24. In the deal valued at $33.75 per share,10,000 shares were bought. As a result of this transaction, Bajwa Harjinder now holds 54,291 shares worth roughly $1.98 million.
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Then, Bajwa Harjinder bought 15,000 shares, generating $522,500 in total proceeds. Upon buying the shares at $34.83, the Chief Operating Officer now owns 44,291 shares.
Before that, McKibben Jeffrey L. sold 3,422 shares. Ultra Clean Hldgs Inc shares valued at $130,720 were divested by the Chief Information Officer at a price of $38.20 per share. As a result of the transaction, McKibben Jeffrey L. now holds 18,805 shares, worth roughly $0.69 million.
Needham reiterated its Ultra Clean Hldgs Inc [UCTT] rating to a Buy in a research note published on October 29, 2024; the price target was $44. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. TD Cowen also remained covering UCTT and reiterated its “Buy” recommendation on July 26, 2024. TD Cowen maintained its rating on May 07, 2024. It rated UCTT as “a Buy”.
Price Performance Review of UCTT
On Tuesday, Ultra Clean Hldgs Inc [NASDAQ:UCTT] saw its stock jump 0.33% to $36.49. Over the last five days, the stock has lost -1.59%. Ultra Clean Hldgs Inc shares have risen nearly 6.88% since the year began. Nevertheless, the stocks have risen 6.98% over the past one year. While a 52-week high of $56.47 was reached on 07/16/24, a 52-week low of $31.01 was recorded on 01/05/24. SMA at 50 days reached $36.60, while 200 days put it at $41.25.
Levels Of Support And Resistance For UCTT Stock
The 24-hour chart illustrates a support level at 36.15, which if violated will result in even more drops to 35.80. On the upside, there is a resistance level at 36.83. A further resistance level may holdings at 37.16. The Relative Strength Index (RSI) on the 14-day chart is 47.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.93%. Stochastics %K at 27.09% indicates the stock is a holding.
How much short interest is there in Ultra Clean Hldgs Inc?
A steep rise in short interest was recorded in Ultra Clean Hldgs Inc stocks on 2024-11-29, growing by 11759.0 shares to a total of 1.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.0 million shares. There was a rise of 1.16%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 22, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $47.
