Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ACM Research Inc shares valued at $519,754 were sold by Cheav Sotheara on Feb 06 ’25. At $23.00 per share, Cheav Sotheara sold 22,598 shares. The insider’s holdings dropped to 100,002 shares worth approximately $2.68 million following the completion of this transaction.
Also, McKechnie Mark sold 15,000 shares, netting a total of over 330,000 in proceeds. Following the sale of shares at $22.00 each, the insider now holds 900 shares.
Before that, SOTHEARA CHEAV had added 22,598 shares to its account. In a trade valued at $519,754, the Officer bought ACM Research Inc shares for $23.00 each.
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 surge of approximately 16.98%. Over the course of the year, ACM Research Inc shares have jumped approximately 77.48%. Shares of the company reached a 52-week high of $27.99 on 02/20/25 and a 52-week low of $14.97 on 01/13/25. A 50-day SMA is recorded $18.18, while a 200-day SMA reached $19.73. Nevertheless, trading volume fell to 1.97 million shares from 3.37 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 26.14, which, if violated, would cause prices to drop to 25.47. In the upper region, resistance lies at 27.73. The next price resistance is at 28.65. RSI (Relative Strength Index) is 81.94 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.82, which suggests the price will increase in the coming days. Percent R is at 14.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
