Acacia Research Corp. (ACTG) Moves Higher on Volume Spike for March 16

Equities Staff  |

Acacia Research Corp. (ACTG) traded on unusually high volume on Mar. 16, as the stock gained 4.05% to close at $3.85. On the day, Acacia Research Corp. saw 615,272 shares trade hands on 1,484 trades. Considering that the stock averages only a daily volume of 296,903 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $5.80 and $2.90 over the last 52-weeks, its 50-day SMA is now $3.69, and its 200-day SMA $3.92. Acacia Research Corp. has a P/B ratio of 0.66. It also has a P/E ratio of 8.4.

Acacia Research Corporation is an intermediary in the patent marketplace, facilitating efficiency and delivering monetary rewards to patent owners.

Headquartered in Newport Beach, CA, Acacia Research Corp. has 27 employees and is currently under the leadership of CEO .

For a complete fundamental analysis analysis of Acacia Research Corp., check out’s Stock Valuation Analysis report for ACTG.

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To get more information on Acacia Research Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: ACTG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

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