Acm Research Inc is trading 4.3% down at $91.17 as investors lock in profits following a sharp multi-day rally driven by bullish analyst calls and optimism surrounding semiconductor equipment demand.
- The stock surged 14.68% on June 11 after Roth Capital lifted its price target from $70 to $100 with a Buy rating.
- Shares have climbed from the low $60s to over $90 in recent weeks, making today's move a normal technical pullback after significant gains.