Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Acacia Research Corp shares valued at $68,572 were sold by Kohlberg Isaac T. on Nov 25 ’24. At $4.57 per share, Kohlberg Isaac T. sold 15,000 shares. The insider’s holdings dropped to 69,274 shares worth approximately $0.3 million following the completion of this transaction.
Also, Kohlberg Isaac T. purchased 15,000 shares, netting a total of over 68,571 in proceeds.
Before that, Soncini Jason W. had added 5,000 shares to its account. In a trade valued at $26,800, the General Counsel bought Acacia Research Corp shares for $5.36 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.97 million.
As published in their initiating research note from Craig Hallum on May 22, 2020, Acacia Research Corp [ACTG] has been a Buy and the price target has been revised to $4. Analysts at Barclays resumed the stock at ‘”an Underweight”‘ outlook in a report released in late July. As of May 23, 2016, Northland Capital has increased its “Market perform” rating to a “an Outperform” for ACTG. Earlier on December 23, 2015, Lake Street resumed its rating. Their recommendation was “a Buy” for ACTG stock.
Analyzing ACTG Stock Performance
During the last five days, there has been a drop of approximately -1.84%. Over the course of the year, Acacia Research Corp shares have dropped approximately -1.84%. Shares of the company reached a 52-week high of $4.48 on 01/02/25 and a 52-week low of $4.25 on 01/08/25. A 50-day SMA is recorded $4.48, while a 200-day SMA reached $4.88. Nevertheless, trading volume fell to 0.16 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Acacia Research Corp (ACTG)
According to the 24-hour chart, there is a support level at 4.24, which, if violated, would cause prices to drop to 4.21. In the upper region, resistance lies at 4.30. The next price resistance is at 4.33. RSI (Relative Strength Index) is 37.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 96.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
