AMGEN Inc.’s filing revealed that its SVP & CCO Grygiel Nancy A. unloaded Company’s shares for reported $0.57 million on Dec 04 ’23. In the deal valued at $273.03 per share,2,096 shares were sold. As a result of this transaction, Grygiel Nancy A. now holds 10,874 shares worth roughly $3.0 million.
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Then, Graham Jonathan P sold 10,000 shares, generating $2,728,136 in total proceeds. Upon selling the shares at $272.81, the EVP, Gen. Counsel & Secy. now owns 28,078 shares.
Before that, AMGEN INC bought 1,764,705 shares. AMGEN Inc. shares valued at $29,999,985 were divested by the 10% Owner at a price of $17.00 per share. As a result of the transaction, AMGEN INC now holds 35,368,653 shares, worth roughly $9.77 billion.
Leerink Partners downgraded its AMGEN Inc. [AMGN] rating to a Market perform from a an Outperform in a research note published on February 07, 2024; the price target was decreased to $318 from $324. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in late December from “a Neutral” to “a Buy”. BMO Capital Markets also remained covering AMGN and has increased its forecast on December 19, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. RBC Capital Mkts revised its rating on December 12, 2023. It rated AMGN as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of AMGN
On Friday, AMGEN Inc. [NASDAQ:AMGN] saw its stock fall -0.28% to $276.17. Over the last five days, the stock has gained 2.72%. AMGEN Inc. shares have fallen nearly -4.11% since the year began. Nevertheless, the stocks have risen 20.16% over the past one year. While a 52-week high of $329.72 was reached on 02/05/24, a 52-week low of $211.71 was recorded on 03/15/24. SMA at 50 days reached $291.78, while 200 days put it at $267.04. A total of 2.3 million shares were traded, compared to the trading of 2.49 million shares in the previous session.
Levels Of Support And Resistance For AMGN Stock
The 24-hour chart illustrates a support level at 274.75, which if violated will result in even more drops to 273.33. On the upside, there is a resistance level at 277.94. A further resistance level may holdings at 279.71. The Relative Strength Index (RSI) on the 14-day chart is 44.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.92%. Stochastics %K at 48.72% indicates the stock is a holding.
How much short interest is there in AMGEN Inc.?
A steep rise in short interest was recorded in AMGEN Inc. stocks on Feb 29, 2024, growing by 1.72 million shares to a total of 11.02 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 9.3 million shares. There was a rise of 15.61%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.06% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.03.
The most recent change occurred on November 09, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $240 price target.
