Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amyris Inc. shares valued at $117,918 were sold by Melo John on Jul 06. At $2.12 per share, Melo John sold 55,576 shares. The insider’s holdings dropped to 492,701 shares worth approximately $0.84 million following the completion of this transaction.
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Also, KELSEY NICOLE sold 94,033 shares, netting a total of over 169,419 in proceeds. Following the sale of shares at $1.80 each, the insider now holds 63,333 shares.
Before that, Hughes Anthony had sold 6,305 shares from its account. In a trade valued at $14,754, the CHIEF ACCOUNTING OFFICER traded Amyris Inc. shares for $2.34 each. Upon closing the transaction, the insider’s holdings decreased to 6,305 shares, worth approximately $0.18 million.
As published in their initiating research note from JP Morgan on June 24, 2022, Amyris Inc. [AMRS] has been a Neutral. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May.
Analyzing AMRS’s Price Performance
On Thursday, Amyris Inc. [NASDAQ: AMRS] plunged -5.56% to $1.70. The stock’s lowest price that day was $1.70, but it reached a high of $1.915 in the same session. During the last five days, there has been a drop of approximately -6.08%. Over the course of the year, Amyris Inc. shares have dropped approximately -68.58%. Shares of the company reached a 52-week high of $6.3688 on 01/03/22 and a 52-week low of $1.4658 on 05/11/22. A 50-day SMA is recorded $2.0650, while a 200-day SMA reached $4.7642. Nevertheless, trading volume fell to 9.12 million shares from 7.93 million shares the previous day.
Support And Resistance Levels for Amyris Inc. (AMRS)
According to the 24-hour chart, there is a support level at 1.6283, which, if violated, would cause prices to drop to 1.5567. In the upper region, resistance lies at 1.8433. The next price resistance is at 1.9867. RSI (Relative Strength Index) is 41.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0814, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Amyris Inc. subject to short interest?
Stocks of Amyris Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.01 million shares to 46.04 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 47.05 million shares. A decline of -2.19% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 10.07 of the overall float, the days-to-cover ratio (short ratio) decline to 10.07.
Which companies own the most shares of Amyris Inc. (AMRS)?
According to Farallon Capital Management LLC filings, the company currently owns 16,931,427 shares, which is about 5.30% of the total AMRS shares outstanding. The investor’s shares have appreciated by 6,071,616 from its previous 13-F filing of 10859811.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $35,201,368. BlackRock Fund Advisors acquire a 0.09% interest valued at $22.5 million while BlackRock Advisors LLC purchased a 554,540 stake. A total of 2,310,000 shares of Amyris Inc. were bought by Michigan Department of Treasury during the quarter, and 38,860 were bought by Pinnacle Associates Ltd. In its current portfolio, Edmond de Rothschild Asset Manage holds 4,563,800 shares valued at $9.5 million.
In terms of Amyris Inc. share price expectations, FactSet research, analysts set an average price target of $11.76 in the next 12 months, up nearly 400.0% from the previous closing price of $1.80. Analysts anticipate Amyris Inc. stock to reach $22.00 by 2022, with the lowest price target being $2.50. In spite of this, 8 analysts ranked Amyris Inc. stock as an Overweight at the end of 2022. On June 01, 2021, HSBC Securities assigned a price target of “a Buy” to the stock and initiated coverage with a $20.