Insider Selling: Kung Frank, Amyris Inc. [AMRS] Director divested 200,000 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Amyris Inc. shares valued at $700,000 were sold by Kung Frank on Sep 21. At $3.50 per share, Kung Frank sold 200,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Kung Frank sold 400,000 shares, netting a total of over 1,440,000 in proceeds. Following the sale of shares at $3.60 each, the insider now holds 36,488 shares.

Before that, Kung Frank had sold 1,080,676 shares from its account. In a trade valued at $4,106,569, the Director traded Amyris Inc. shares for $3.80 each. Upon closing the transaction, the insider’s holdings decreased to 1,080,676 shares, worth approximately $0.35 million.

As published in a research note from ROTH Capital on August 10, 2022, Amyris Inc. [AMRS] has been rated down from a Buy to a Neutral and the price target has been revised to $2 from $4. This represents a -61.0% premium over Thursday’s closing price. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of May 25, 2022, Piper Sandler has initiated its “Neutral” rating for AMRS.

Analyzing AMRS’s Price Performance

On Thursday, Amyris Inc. [NASDAQ: AMRS] plunged -4.73% to $3.22. The stock’s lowest price that day was $3.15, but it reached a high of $3.42 in the same session. During the last five days, there has been a drop of approximately -14.36%. Over the course of the year, Amyris Inc. shares have dropped approximately -40.48%. Shares of the company reached a 52-week high of $6.37 on 01/03/22 and a 52-week low of $1.47 on 05/11/22. A 50-day SMA is recorded $2.79, while a 200-day SMA reached $3.59. Nevertheless, trading volume fell to 4.67 million shares from 7.41 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 3.11, which, if violated, would cause prices to drop to 2.99. In the upper region, resistance lies at 3.38. The next price resistance is at 3.53. RSI (Relative Strength Index) is 49.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 71.62%, 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 21,209,882 shares, which is about 6.60% of the total AMRS shares outstanding. The investor’s shares have appreciated by 4,278,455 from its previous 13-F filing of 16931427.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $55,183,200. BlackRock Fund Advisors acquire a 10.17% interest valued at $35.01 million while Edmond de Rothschild Asset Manage purchased a 2,401,900 stake. A total of 1,730,000 shares of Amyris Inc. were bought by Michigan Department of Treasury during the quarter, and -125,877 were sold by Pinnacle Associates Ltd.. In its current portfolio, SSgA Funds Management, Inc. holds 4,100,194 shares valued at $12.05 million.


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