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Acacia Research Corporation (ACTG) |
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ACTG $4.7500
$-0.0300 
-0.63%
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Volume (M):
300
Open :
4.78 52 Wk Avg :
4.45
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Acacia Research Corporation ACTG OHLC Open High Low Closing Chart
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What happened with Acacia Research Corporation's Stock |
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In July 2024, Acacia Research Corporation experienced a notable increase in its stock price, climbing by 6.63%, from $5.03 to $5.35. This performance not only outpaced the broader market??which saw an average rise of 2.67% within the Conglomerates sector??but also showcased Acacia's resilience during a month marked by fluctuations.
Throughout July, Acacia's shares peaked at $5.70 on July 16, 2024, reflecting investor optimism and possibly driven by positive market sentiments or company-specific announcements. However, the stock faced volatility during the latter half of the month, particularly on July 22 and July 24, when it recorded its worst trading day and its worst single-day decline at -3.56%. This decline suggests that despite the overall positive trend, there were moments of hesitation among investors, possibly due to macroeconomic concerns or profit-taking behaviors after the stock's earlier gains.
The month opened with a low of $4.945 on July 1, 2024, indicating that the stock had already faced significant sell-offs at the beginning of July. The fact that Acacia Research?s shares managed to rebound and close the month up showcases the company's capability to adapt to market pressures and investor dynamics effectively.
In summary, Acacia Research Corporation demonstrated a strong performance in July 2024, navigating between peaks and troughs while ultimately securing a positive trajectory against a backdrop of market volatility. Investors will likely keep an eye on how the company leverages this momentum moving forward into August and beyond.
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In June 2024, Acacia Research Corporation experienced a decline in its shares, with a decrease of -6.52%. The stock started the month at $5.60 and ended at $5.01. Throughout the month, the performance of Acacia Research Corporation shares lagged behind the overall market.
The highest point for Acacia Research Corporation shares during June 2024 was on June 3rd, when the stock reached a value of $5.7395. However, as the month progressed, the shares gradually declined, eventually hitting their lowest point on June 27th at $4.84.
In comparison to the Conglomerates industry, Acacia Research Corporation's performance was not as lucrative. The industry as a whole saw an average increase of 3.46% in shares during the same period. This suggests that while Acacia Research Corporation experienced a decline, other companies in the Conglomerates industry were able to generate positive returns.
Overall, June 2024 was a challenging month for Acacia Research Corporation as its shares underwent a significant decrease. The company's stock performance trailed behind the overall market and failed to deliver the same level of returns as other companies in the Conglomerates industry.
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