Amphenol Corp. [NYSE: APH] Sees Increase in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amphenol Corp. shares valued at $10,466,690 were sold by Lampo Craig A on Feb 08. At $104.67 per share, Lampo Craig A sold 100,000 shares. The insider’s holdings dropped to 147,045 shares worth approximately $15.54 million following the completion of this transaction.

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Also, D’AMICO LANCE E sold 15,000 shares, netting a total of over 1,571,302 in proceeds. Following the sale of shares at $104.75 each, the insider now holds 25,700 shares.

Before that, Doherty William J had sold 170,000 shares from its account. In a trade valued at $17,594,830, the President, CS Division traded Amphenol Corp. shares for $103.50 each. Upon closing the transaction, the insider’s holdings decreased to 170,000 shares, worth approximately $0.0.

As published in their initiating research note from Citigroup on January 05, 2024, Amphenol Corp. [APH] has been a Buy and the price target has been revised to $117.

Analyzing APH Stock Performance

During the last five days, there has been a surge of approximately 0.77%. Over the course of the year, Amphenol Corp. shares have jumped approximately 6.60%. Shares of the company reached a 52-week high of $105.77 on 02/15/24 and a 52-week low of $93.89 on 01/04/24. A 50-day SMA is recorded $98.78, while a 200-day SMA reached $87.24. Nevertheless, trading volume fell to 1.99 million shares from 2.16 million shares the previous day.

Support And Resistance Levels for Amphenol Corp. (APH)

According to the 24-hour chart, there is a support level at 104.88, which, if violated, would cause prices to drop to 104.10. In the upper region, resistance lies at 106.11. The next price resistance is at 106.56. RSI (Relative Strength Index) is 67.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 1.72%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Amphenol Corp. subject to short interest?

Stocks of Amphenol Corp. saw a sharp steep in short interest on Jan 31, 2024 dropping by -1.33 million shares to 7.02 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 8.35 million shares. A decline of -18.95% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.56 of the overall float, the days-to-cover ratio (short ratio) decline to 2.56.

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