Applied Materials Inc.’s recent filing unveils that its Senior Vice President, CTO Nalamasu Omkaram unloaded Company’s shares for reported $3.77 million on Dec 22 ’23. In the deal valued at $162.45 per share,23,228 shares were sold. As a result of this transaction, Nalamasu Omkaram now holds 190,972 shares worth roughly $39.92 million.
Then, Hill Brice sold 1,000 shares, generating $150,040 in total proceeds. Upon selling the shares at $150.04, the SVP, CFO now owns 106,023 shares.
Before that, Little Teri A. sold 10,000 shares. Applied Materials Inc. shares valued at $1,420,000 were divested by the SVP, CLO at a price of $142.00 per share. As a result of the transaction, Little Teri A. now holds 69,504 shares, worth roughly $14.53 million.
Cantor Fitzgerald upgraded its Applied Materials Inc. [AMAT] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid February has reiterated a ‘”an Outperform”‘ rating for it. Cantor Fitzgerald began covering AMAT with “Neutral” recommendation on January 23, 2024. TD Cowen maintained its rating on December 12, 2023. It rated AMAT as “an Outperform”.
Price Performance Review of AMAT
On Monday, Applied Materials Inc. [NASDAQ:AMAT] saw its stock jump 0.57% to $209.04. Over the last five days, the stock has gained 0.17%. Applied Materials Inc. shares have risen nearly 28.98% since the year began. Nevertheless, the stocks have risen 78.18% over the past one year. While a 52-week high of $214.91 was reached on 03/21/24, a 52-week low of $109.00 was recorded on 01/05/24. SMA at 50 days reached $195.13, while 200 days put it at $158.59. A total of 4.43 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For AMAT Stock
The 24-hour chart illustrates a support level at 207.11, which if violated will result in even more drops to 205.19. On the upside, there is a resistance level at 211.98. A further resistance level may holdings at 214.93. The Relative Strength Index (RSI) on the 14-day chart is 57.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 54.08% indicates the stock is a holding.
How much short interest is there in Applied Materials Inc.?
A steep rise in short interest was recorded in Applied Materials Inc. stocks on Mar 15, 2024, growing by 0.62 million shares to a total of 12.93 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.31 million shares. There was a rise of 4.8%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.71.
