Selling Buzz: Amneal Pharmaceuticals Inc [AMRX] Executive Vice President BOYER ANDREW S sells 29,302 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amneal Pharmaceuticals Inc shares valued at $120,921 were sold by BOYER ANDREW S on Aug 11. At $4.13 per share, BOYER ANDREW S sold 29,302 shares. The insider’s holdings dropped to 244,739 shares worth approximately $1.44 million following the completion of this transaction.

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Analyzing AMRX Stock Performance

During the last five days, there has been a surge of approximately 7.88%. Over the course of the year, Amneal Pharmaceuticals Inc shares have dropped approximately -2.97%. Shares of the company reached a 52-week high of $6.11 on 01/02/24 and a 52-week low of $5.19 on 01/18/24. A 50-day SMA is recorded $5.47, while a 200-day SMA reached $3.97. Nevertheless, trading volume fell to 1.4 million shares from 1.32 million shares the previous day.

Support And Resistance Levels for Amneal Pharmaceuticals Inc (AMRX)

According to the 24-hour chart, there is a support level at 5.81, which, if violated, would cause prices to drop to 5.73. In the upper region, resistance lies at 6.03. The next price resistance is at 6.16. RSI (Relative Strength Index) is 59.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 22.94%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Amneal Pharmaceuticals Inc subject to short interest?

Stocks of Amneal Pharmaceuticals Inc saw a sharp rise in short interest on Jan 31, 2024 jumping by 20000.0 shares to 2.54 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 2.52 million shares. A jump of 0.79% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.76 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.76.

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