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Acacia Research Corporation Message Board

  • financesajeed financesajeed Mar 29, 2013 1:01 AM Flag

    ACTGL: How it is going!

    Is there any probability to reach at the yearly high price of ACTG? We have to go inside the company by reviewing recent facts, before making prediction. I am speaking for Acacia Research Corporation (NASDAQ:ACTG). For the last two months the price of ACTG has shown major increase to make gainer to its investors. On January 30, 2013 the price was $24.77, which has increased to $30.67 on March 27. Fifty two weeks price range is $19.86-44.98. The average trade volume is also encouraging. In each and every day, there are new participants entering in to the market to have market share, which is challenging to the existing players. Being a good competitor of ACTG, say, Spherix Incorporated (SPEX) is also preparing to fly by finishing major restructuring, divesting, business acquiring, changing top management, making new business deal with multinational partners, etc. Yesterday, ACTG has announced that its subsidiary, Gametek LLC, has entered into a settlement and license agreement with 6waves LLC, 6waves Technologies, LLC, 6waves US, Inc., and Six Waves Inc. This agreement resolves patent litigation that was pending in the United States District Court for the Southern District of California. Acacia Research Corporation is engaged to acquire, develop, license and enforce patented technology. We know that the company along with its subsidiaries has been generating revenue from granting of intellectual property, as stated in its official website. As ongoing event, the company has been entering into contractual relations to generate revenue. Meanwhile, ACTG has completed agreement with Micron as well as Webtech Wireless Inc., which in effect is expected to impact on revenue. The above will bring the company to reach at business wining in long term, which may be reflected in stock price as well. I think ACTG will go up though some price correction is likely.

 
ACTG
5.21+0.13(+2.56%)May 24 4:00 PMEDT