Ametek Inc’s recent filing unveils that its Director Kohlhagen Steven W unloaded Company’s shares for reported $0.25 million on Mar 26 ’24. In the deal valued at $182.22 per share,1,365 shares were sold. As a result of this transaction, Kohlhagen Steven W now holds 27,719 shares worth roughly $5.05 million.
Then, AMATO THOMAS A sold 780 shares, generating $141,960 in total proceeds. Upon selling the shares at $182.00, the Director now owns 10,240 shares.
Before that, Burke William Joseph sold 27,400 shares. Ametek Inc shares valued at $5,070,375 were divested by the Executive VP – CFO at a price of $185.05 per share. As a result of the transaction, Burke William Joseph now holds 106,512 shares, worth roughly $19.41 million.
Truist initiated its Ametek Inc [AME] rating to a Buy in a research note published on March 14, 2024; the price target was $210. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in late November from “an Outperform” to “a Market perform”. Exane BNP Paribas began covering AME with “Neutral” recommendation on October 05, 2023. Seaport Research Partners started covering the stock on August 07, 2023. It rated AME as “a Buy”.
Price Performance Review of AME
On Friday, Ametek Inc [NYSE:AME] saw its stock jump 1.61% to $182.22. Over the last five days, the stock has lost -0.37%. Ametek Inc shares have risen nearly 10.51% since the year began. Nevertheless, the stocks have risen 31.04% over the past one year. While a 52-week high of $186.32 was reached on 03/21/24, a 52-week low of $133.12 was recorded on 01/05/24. SMA at 50 days reached $176.21, while 200 days put it at $160.61. A total of 0.76 million shares were traded, compared to the trading of 0.74 million shares in the previous session.
Levels Of Support And Resistance For AME Stock
The 24-hour chart illustrates a support level at 180.46, which if violated will result in even more drops to 178.69. On the upside, there is a resistance level at 183.32. A further resistance level may holdings at 184.42. The Relative Strength Index (RSI) on the 14-day chart is 56.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.04%. Stochastics %K at 22.93% indicates the stock is a holding.
How much short interest is there in Ametek Inc?
A steep rise in short interest was recorded in Ametek Inc stocks on Mar 15, 2024, growing by 0.57 million shares to a total of 2.94 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.37 million shares. There was a rise of 19.39%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.43% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.04.
