Acacia Research Corporation (ACTG) : Traders are bullish on Acacia Research Corporation (ACTG) as it has outperformed the S&P 500 by a wide margin of 20.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 13.02%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.94% in the last 1 week, and is up 24.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 17.86% and the 50-Day Moving Average is 13.35%. Acacia Research Corporation is up 12.24% in the last 3-month period. Year-to-Date the stock performance stands at 26.11%.
Acacia Research Corporation (NASDAQ:ACTG): stock turned positive on Friday. Though the stock opened at $5.25, the bulls momentum made the stock top out at $5.48 level for the day. The stock recorded a low of $5.02 and closed the trading day at $5.41, in the green by 6.29%. The total traded volume for the day was 1,620,067. The stock had closed at $5.09 in the previous days trading.
Acacia Research Corporation is a holding company. The Company, through its subsidiaries, engaged in patent investment, prosecution, licensing and enforcement activities. The Companys subsidiaries partner with inventors and patent owners for patented inventions. The Companys subsidiaries generate revenues from the granting of intellectual property rights for the use of patented technologies that its subsidiaries control or own. Its subsidiaries own or control the rights to multiple patent portfolios, which include the United States patents and certain foreign counterparts, covering technologies used in a variety of industries. The Company is engaged in licensing and enforcing patented technologies and has licensed over 1,430 license agreements, across 181 of its patent portfolio licensing and enforcement programs.