Previous Close | 0.2000 |
Open | 0.2000 |
Bid | 0.0000 |
Ask | 2.1000 |
Strike | 70.00 |
Expire Date | 2024-05-17 |
Day's Range | 0.2000 - 0.2000 |
Contract Range | N/A |
Volume | |
Open Interest | 16 |
Director John Kurtzweil of Axcelis Technologies Inc (NASDAQ:ACLS) sold 1,200 shares of the company on May 20, 2024.
A pullback to the buy point is a normal, albeit frustrating, part of investing in growth stocks. Roughly 40% of successful stocks go back around their buy point before resuming their advance, so be ready for this situation. You should see a gradual price decline with weaker volume as the stock returns to or just below the buy point.
Based on the average brokerage recommendation (ABR), Axcelis (ACLS) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?