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Stock impact report

Ultra Clean Holdings: The Rally May Be Getting Long In The Tooth [Seeking Alpha]

Ultra Clean Holdings, Inc. (UCTT) 
Last ultra clean holdings, inc. earnings: 4/29 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
The Q4 report showed how much UCTT has been affected by the drop in demand, but things are expected to improve in FY2024. UCTT seems to leave open the possibility demand may not improve as much as expected, which would be a problem given the recent stock rally. There are legitimate reasons to be long UCTT, but to be a buyer of a stock that has quickly more than doubled in value is not without risk. Ultra Clean Holdings ( NASDAQ: UCTT ), a supplier of critical subsystems, ultra-high purity cleaning and services for the semiconductor industry, has more than doubled in value since bottoming in October. The stock reached a new multi-year high shortly after the release of the Q4 and FY2023 report on February 21, only to surrender most of the day's gain before the end of the day. In fact, the stock has exhibited indecisiveness in recent weeks, which could be a sign the rally of the last few months may be getting long in the tooth. Why will be covered next. The stock market rallies Show less Read more
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