An Analysis of Amphenol Corp. (APH)’s Potential Price Growth

In a filing, Amphenol Corp. revealed its President, ISS Division Straub Peter unloaded Company’s shares for reported $2.21 million on Mar 06 ’24. In the deal valued at $110.64 per share,20,000 shares were sold. As a result of this transaction, Straub Peter now holds 0 shares worth roughly $0.0.

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Then, Lampo Craig A sold 100,000 shares, generating $10,466,690 in total proceeds. Upon selling the shares at $104.67, the SR VP & CFO now owns 147,045 shares.

Before that, D’AMICO LANCE E sold 15,000 shares. Amphenol Corp. shares valued at $1,571,302 were divested by the Sr. VP, Secretary & GenCounsel at a price of $104.75 per share. As a result of the transaction, D’AMICO LANCE E now holds 25,700 shares, worth roughly $2.94 million.

Citigroup initiated its Amphenol Corp. [APH] rating to a Buy in a research note published on January 05, 2024; the price target was $117. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Credit Suisse also remained covering APH and has decreased its forecast on May 19, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Credit Suisse started covering the stock on December 13, 2022. It rated APH as “an Outperform”.

Price Performance Review of APH

On Monday, Amphenol Corp. [NYSE:APH] saw its stock fall -0.17% to $114.22. Over the last five days, the stock has gained 4.22%. Amphenol Corp. shares have risen nearly 15.22% since the year began. Nevertheless, the stocks have risen 45.73% over the past one year. While a 52-week high of $115.18 was reached on 03/25/24, a 52-week low of $72.00 was recorded on 01/04/24. SMA at 50 days reached $105.65, while 200 days put it at $91.67. A total of 4.27 million shares were traded, compared to the trading of 2.49 million shares in the previous session.

Levels Of Support And Resistance For APH Stock

The 24-hour chart illustrates a support level at 112.34, which if violated will result in even more drops to 110.45. On the upside, there is a resistance level at 117.85. A further resistance level may holdings at 121.47. The Relative Strength Index (RSI) on the 14-day chart is 71.91, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 48.56%. Stochastics %K at 77.93% indicates the stock is a holding.

How much short interest is there in Amphenol Corp.?

A steep rise in short interest was recorded in Amphenol Corp. stocks on Feb 29, 2024, growing by 0.24 million shares to a total of 7.26 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 7.02 million shares. There was a rise of 3.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.39% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.

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