By Sabela Ojea
Shares of ACM Research on Friday climbed a day after the company disclosed a number of share sales.
The stock was up 14% to $21.63 in morning trading. Shares have surged 37% over the past month.
The developer of wet processing technology and products for the semiconductor industry said that director Xiao Xing sold 34,604 company shares at a price of $20.05 each for a total of $693,921.
ACM Research said that shareholder Shanghai Science & Technology Venture Capital also sold the same number of shares at the same price.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
October 04, 2024 11:38 ET (15:38 GMT)
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