ACM Research Inc’s filing revealed that its insider Cheav Sotheara unloaded Company’s shares for reported $0.52 million on Feb 06 ’25. In the deal valued at $23.00 per share,22,598 shares were sold. As a result of this transaction, Cheav Sotheara now holds 100,002 shares worth roughly $2.71 million.
Then, McKechnie Mark sold 15,000 shares, generating $330,000 in total proceeds. Upon selling the shares at $22.00, the insider now owns 900 shares.
Before that, SOTHEARA CHEAV bought 22,598 shares. ACM Research Inc shares valued at $519,754 were divested by the Officer at a price of $23.00 per share.
JP Morgan initiated its ACM Research Inc [ACMR] rating to an Overweight in a research note published on February 28, 2025; the price target was $36. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Craig Hallum also remained covering ACMR and has decreased its forecast on December 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Needham revised its rating on December 04, 2024. It rated ACMR as “a Hold” which previously was an “a Buy”.
Price Performance Review of ACMR
On Friday, ACM Research Inc [NASDAQ:ACMR] saw its stock jump 2.34% to $27.08. Over the last five days, the stock has gained 4.39%. ACM Research Inc shares have risen nearly 79.34% since the year began. Nevertheless, the stocks have fallen -7.32% over the past one year. While a 52-week high of $33.40 was reached on 02/26/25, a 52-week low of $13.87 was recorded on 01/13/25. SMA at 50 days reached $20.45, while 200 days put it at $19.77.
Levels Of Support And Resistance For ACMR Stock
The 24-hour chart illustrates a support level at 26.07, which if violated will result in even more drops to 25.05. On the upside, there is a resistance level at 27.67. A further resistance level may holdings at 28.25. The Relative Strength Index (RSI) on the 14-day chart is 62.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.57%. Stochastics %K at 69.97% indicates the stock is a holding.
