Investors need to pay close attention to Axcelis Technologies (ACLS) stock based on the movements in the options market lately.
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.