Insider Update on Acacia Research Corporation (NASDAQ:ACTG)

According to the latest filings, corporate insiders at Acacia Research Corporation (NASDAQ:ACTG) have increased their position in the stock by 40.99% over the past 6 months.  Insiders now own 2.10% of total outstanding shares. 

Acacia Research Corporation (NASDAQ:ACTG) stands 9.09% away from its 50-day simple moving average and also -23.13% away from the 200-day average.  Recently, the equity stands -49.51% away from the 52-week high and 33.62% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 62.00.

ANALYST RECOMMENDATIONS

Wall Street analysts on the sell-side covering shares of Acacia Research Corporation (NASDAQ:ACTG) have a mean recommendation of 3.00 on the shares.  This is based on a numerical chart where each stock recommendation (Buy,Sell,Hold) is translated into a numerical equivalent.  A low number indicates a Buy and a higher number a Sell.  In terms of where analysts see the stock headed, they have a consensus price target of $5.92  on the shares.

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