Why Aon Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Aon plc Financial Results: Aon's shares dropped 7.4% after reporting lower-than-expected quarterly earnings and sales.
- Stocks on the Move: Various companies experienced significant stock movements, with Biodexa Pharmaceuticals, Pineapple Energy, and NewGenIvf Group among those gaining, while others like Exxon Mobil Corporation and Atlassian Corporation saw declines.
- Positive Stock Movements: Companies like Universal Logistics Holdings, Snap Inc., and Alphabet Inc. observed notable increases in their stock prices following better-than-expected financial results or positive announcements.
- Negative Stock Movements: Several companies, including iClick Interactive Asia Group, Nuwellis, and Saia, faced substantial drops in their stock values due to poor financial results or other negative developments.
- Analyst Upgrades and Downgrades: Kratos Defense & Security Solutions received an upgrade from Raymond James, while Processa Pharmaceuticals saw a boost in its stock price after receiving a Buy rating from HC Wainwright & Co.
Analyst Views on ACMR
Wall Street analysts forecast ACMR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACMR is 43.55 USD with a low forecast of 36.00 USD and a high forecast of 52.30 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 52.195
Low
36.00
Averages
43.55
High
52.30
Current: 52.195
Low
36.00
Averages
43.55
High
52.30
About ACMR
ACM Research, Inc. develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, plasma-enhanced chemical vapor deposition (PECVD), and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. It has also developed Timely Energized Bubble Oscillation (TEBO) technology for application in wet wafer cleaning during the fabrication of two-dimensional (2D) and three-dimensional wafers with fine feature sizes. It has designed these tools for use in fabricating foundry, logic, and memory chips, including dynamic random-access memory (DRAM), 3D NAND-flash memory chips, and compound semiconductor chips. It also develops, manufactures, and sells a range of advanced packaging tools to wafer assembly and packaging customers. Its other advanced packaging tools include Ultra ECP ap, Ultra C Developer, and Ultra C PR Megasonic-Assisted Stripper.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
