Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Axcelis Technologies Inc. shares valued at $3,766,860 were sold by PUMA MARY G on Jun 07. At $173.58 per share, PUMA MARY G sold 21,701 shares. The insider’s holdings dropped to 278,985 shares worth approximately $47.57 million following the completion of this transaction.
Also, FALLON LYNNETTE C sold 1,584 shares, netting a total of over 273,604 in proceeds. Following the sale of shares at $172.73 each, the insider now holds 34,469 shares.
Before that, KEITHLEY JOSEPH P had sold 1,000 shares from its account. In a trade valued at $173,000, the Director traded Axcelis Technologies Inc. shares for $173.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.79 million.
As published in their initiating research note from William Blair on June 05, 2023, Axcelis Technologies Inc. [ACLS] has been an Outperform.
Analyzing ACLS Stock Performance
On Wednesday, Axcelis Technologies Inc. [NASDAQ: ACLS] rose 3.28% to $170.50. The stock’s lowest price that day was $166.71, but it reached a high of $175.00 in the same session. During the last five days, there has been a surge of approximately 8.22%. Over the course of the year, Axcelis Technologies Inc. shares have jumped approximately 114.84%. Shares of the company reached a 52-week high of $175.00 on 06/07/23 and a 52-week low of $76.97 on 01/03/23. A 50-day SMA is recorded $133.58, while a 200-day SMA reached $98.76. Nevertheless, trading volume fell to 0.71 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Axcelis Technologies Inc. (ACLS)
According to the 24-hour chart, there is a support level at 166.47, which, if violated, would cause prices to drop to 162.45. In the upper region, resistance lies at 174.76. The next price resistance is at 179.03. RSI (Relative Strength Index) is 78.00 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.34, which suggests the price will increase in the coming days. Percent R is at 11.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Axcelis Technologies Inc. subject to short interest?
Stocks of Axcelis Technologies Inc. saw a sharp rise in short interest on May 14, 2023 jumping by 10000.0 shares to 1.5 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 1.49 million shares. A jump of 0.67% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.98 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.98.
Which companies own the most shares of Axcelis Technologies Inc. (ACLS)?
In terms of Axcelis Technologies Inc. share price expectations, FactSet research, analysts set an average price target of $147.20 in the next 12 months, down nearly -12.17% from the previous closing price of $165.09. Analysts anticipate Axcelis Technologies Inc. stock to reach $165.00 by 2023, with the lowest price target being $140.00. In spite of this, 6 analysts ranked Axcelis Technologies Inc. stock as a Buy at the end of 2023.