RingCentral, Inc. (RNG) Reaches $63.10 52-Week High; Acm Research Class A (ACMR) SI Increased By 11.76%

February 19, 2018 - By Winifred Garcia

The stock of RingCentral, Inc. (NYSE:RNG) hit a new 52-week high and has $64.99 target or 3.00% above today’s $63.10 share price. The 8 months bullish chart indicates low risk for the $4.88 billion company. The 1-year high was reported on Feb, 19 by Barchart.com. If the $64.99 price target is reached, the company will be worth $146.43 million more. The stock increased 2.19% or $1.35 during the last trading session, reaching $63.1. About 1.05 million shares traded or 109.66% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since February 19, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

Acm Research Class A (NASDAQ:ACMR) had an increase of 11.76% in short interest. ACMR’s SI was 1,900 shares in February as released by FINRA. Its up 11.76% from 1,700 shares previously. With 26,800 avg volume, 0 days are for Acm Research Class A (NASDAQ:ACMR)’s short sellers to cover ACMR’s short positions. The stock increased 1.09% or $0.07 during the last trading session, reaching $6.48. About 24,413 shares traded. ACM Research, Inc. (NASDAQ:ACMR) has 0.00% since February 19, 2017 and is . It has underperformed by 16.70% the S&P500.

ACM Research, Inc., together with its subsidiaries, develops, makes, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. The company has market cap of $99.44 million. It offers space alternated phase shift cleaning equipment to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment. It currently has negative earnings. The firm markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives.

Since August 21, 2017, it had 0 insider buys, and 19 selling transactions for $13.23 million activity. Another trade for 48,666 shares valued at $2.29 million was made by Shmunis Vladimir on Monday, December 11. On Wednesday, January 10 Sipes David sold $454,398 worth of RingCentral, Inc. (NYSE:RNG) or 9,300 shares. 7,946 RingCentral, Inc. (NYSE:RNG) shares with value of $311,483 were sold by Marlow John H. $143,550 worth of stock was sold by Dhruv Mitesh on Tuesday, December 19. Another trade for 10,000 shares valued at $476,500 was made by Shah Praful on Wednesday, December 20.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.32, from 1.31 in 2017Q2. It fall, as 18 investors sold RingCentral, Inc. shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. 55.54 million shares or 2.55% more from 54.16 million shares in 2017Q2 were reported. Clearbridge Limited Liability Corp owns 0.27% invested in RingCentral, Inc. (NYSE:RNG) for 299,899 shares. Pennsylvania-based Susquehanna Gru Llp has invested 0% in RingCentral, Inc. (NYSE:RNG). Ameritas Partners Inc holds 0.01% or 5,480 shares. Meeder Asset Management has invested 0.01% in RingCentral, Inc. (NYSE:RNG). Frontier Cap Limited Liability Company stated it has 82,833 shares or 0.02% of all its holdings. Credit Suisse Ag accumulated 67,460 shares. National Bank Of America Corp De has invested 0% of its portfolio in RingCentral, Inc. (NYSE:RNG). Manufacturers Life Insurance Com The accumulated 0.03% or 541,761 shares. Amer Registered Invest Advisor accumulated 12,175 shares. Cortina Asset Mgmt Ltd Com holds 0.24% in RingCentral, Inc. (NYSE:RNG) or 142,384 shares. Arrowstreet Capital Partnership has invested 0.03% in RingCentral, Inc. (NYSE:RNG). Prudential Finance Inc accumulated 7,230 shares. Columbia Prtnrs L L C Management stated it has 0.55% in RingCentral, Inc. (NYSE:RNG). Goldman Sachs Grp Incorporated reported 0% stake. Jpmorgan Chase And Company, a New York-based fund reported 1.22M shares.

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