Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amphenol Corporation shares valued at $9,447,643 were sold by Gavelle Jean-Luc on Aug 04. At $77.44 per share, Gavelle Jean-Luc sold 122,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, D’AMICO LANCE E sold 20,000 shares, netting a total of over 1,537,388 in proceeds. Following the sale of shares at $76.87 each, the insider now holds 25,700 shares.
Before that, D’AMICO LANCE E had sold 20,000 shares from its account. In a trade valued at $1,538,614, the Sr. VP, Secretary & GenCounsel traded Amphenol Corporation shares for $76.93 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $1.79 million.
As published in a research note from JP Morgan on July 14, 2022, Amphenol Corporation [APH] has been rated up from a Neutral to an Overweight and the price target has been revised to $83. This represents a 16.2% premium over Thursday’s closing price. Analysts at Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early January. Earlier on October 20, 2020, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for APH stock.
Analyzing APH’s Price Performance
On Thursday, Amphenol Corporation [NYSE: APH] plunged -3.15% to $69.55. The stock’s lowest price that day was $69.52, but it reached a high of $71.63 in the same session. During the last five days, there has been a drop of approximately -4.58%. Over the course of the year, Amphenol Corporation shares have dropped approximately -20.48%. Shares of the company reached a 52-week high of $88.00 on 01/03/22 and a 52-week low of $61.67 on 06/17/22. A 50-day SMA is recorded $74.43, while a 200-day SMA reached $74.36. Nevertheless, trading volume fell to 1.97 million shares from 2.27 million shares the previous day.
Support And Resistance Levels for Amphenol Corporation (APH)
According to the 24-hour chart, there is a support level at 68.84, which, if violated, would cause prices to drop to 68.12. In the upper region, resistance lies at 70.95. The next price resistance is at 72.34. RSI (Relative Strength Index) is 31.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.21, which suggests the price will decrease in the coming days. Percent R is at 99.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Amphenol Corporation subject to short interest?
Stocks of Amphenol Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.27 million shares to 4.98 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.25 million shares. A decline of -5.42% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.23 of the overall float, the days-to-cover ratio (short ratio) decline to 2.23.
Which companies own the most shares of Amphenol Corporation (APH)?
According to The Vanguard Group, Inc. filings, the company currently owns 67,467,013 shares, which is about 11.34% of the total APH shares outstanding. The investor’s shares have appreciated by 594,019 from its previous 13-F filing of 66872994.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $3,619,094,761. BlackRock Fund Advisors acquire a 0.05% interest valued at $2.36 billion while SSgA Funds Management, Inc. sold a -656,653 stake. A total of -615,642 shares of Amphenol Corporation were sold by T. Rowe Price Associates, Inc. during the quarter, and -729,710 were sold by Walter Scott & Partners Ltd.. In its current portfolio, AllianceBernstein LP holds 17,185,829 shares valued at $1.26 billion.