ACM Research ( (ACMR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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ACM Research’s stock initially rose due to its inclusion in the S&P SmallCap 600 index, which boosted investor confidence. However, despite this positive development, the stock’s movement was unusual as it later experienced a downturn. The company also bolstered its financial standing by raising $630 million through a private offering, and its backlog increased significantly due to strong orders.
More about ACM Research
YTD Price Performance: 142.58%
Average Trading Volume: 1,607,589
Technical Sentiment Signal: Buy
Current Market Cap: $2.42B
For further insights into ACMR stock on TipRanks’ Stock Analysis page.
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