Insider Sale Alert: Altus Power Inc. [AMPS] – Is it Time to sell?


Altus Power Inc.’s recent filing unveils that its COFOUNDER,CHIEF CONST. OFFICER Savino Anthony unloaded Company’s shares for reported $0.15 million on Aug 25. In the deal valued at $6.12 per share,25,000 shares were sold. As a result of this transaction, Savino Anthony now holds 3,942,261 shares worth roughly $ 25.31 million.

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Then, Savino Anthony sold 25,000 shares, generating $150,518 in total proceeds. Upon selling the shares at $6.02, the COFOUNDER,CHIEF CONST. OFFICER now owns 3,967,261 shares.

Before that, Savino Anthony sold 25,000 shares. Altus Power Inc. shares valued at $155,592 were divested by the COFOUNDER,CHIEF CONST. OFFICER at a price of $6.22 per share. As a result of the transaction, Savino Anthony now holds 3,992,261 shares, worth roughly $25.63 million.

PT values the company’s stock at a premium of 28.67 to its Friday closing price.

Price Performance Review of AMPS

On Friday, Altus Power Inc. [NYSE:AMPS] saw its stock fall -0.62% to $6.42. On the same session, the stock had its day’s lowest price of $6.385, but rose to a high of $6.67. Over the last five days, the stock has gained 0.78%. Altus Power Inc. shares have fallen nearly -1.53% since the year began. Nevertheless, the stocks have fallen -38.74% over the past one year. While a 52-week high of $14.72 was reached on 01/12/23, a 52-week low of $4.08 was recorded on 05/02/23. SMA at 50 days reached $6.14, while 200 days put it at $6.15. A total of 0.94 million shares were traded, compared to the trading of 1.23 million shares in the previous session.

Levels Of Support And Resistance For AMPS Stock

The 24-hour chart illustrates a support level at 6.31, which if violated will result in even more drops to 6.21. On the upside, there is a resistance level at 6.60. A further resistance level may holdings at 6.78. The Relative Strength Index (RSI) on the 14-day chart is 53.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.13%. Stochastics %K at 60.14% indicates the stock is a holding.

How much short interest is there in Altus Power Inc.?

A steep rise in short interest was recorded in Altus Power Inc. stocks on Aug 14, 2023, growing by 0.56 million shares to a total of 5.07 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.51 million shares. There was a rise of 11.05%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.02% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.32.

Altus Power Inc. [AMPS] – Who Are The Largest Shareholders?

In filings from Blackstone Alternative Credit Adv, it is revealed that the company now owns 21,116,125 shares, or roughly 13.28% of the outstanding AMPS shares. In other words, the investor’s shares have risen by 341,000 from its previous 13-F filing of 20775125.0. Additionally, BlackRock Fund Advisors decreased -3.52% of its stake after which the total value it holdings stand at $32,017,269. At present, Invesco Capital Management LLC is holding 3,070,176 shares valued at $20.91 million. Liberty Mutual Insurance Co. owned 3,000,000 shares of the company at the time of its most recent 13F filing, worth $20.43 million.

According to FactSet, Altus Power Inc.’s share price will average $9.92 in the next year, based on opinions of analysts polled by the firm. This is up nearly 54.8 percent from its previous closing price of $6.46. Analysts expect Altus Power Inc. stock to reach the higher price of $11.00, while the lowest price estimate is $8.50. However, 6 analysts have rated AMPS stock as a Buy in their predictions for 2023.


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