The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Agilent Technologies Inc. shares valued at $417,096 were sold by Binns Philip on Mar 25 ’24. At $147.54 per share, Binns Philip sold 2,827 shares. The insider’s holdings dropped to 9,997 shares worth approximately $1.44 million following the completion of this transaction.
Also, McMullen Michael R. sold 52,297 shares, netting a total of over 7,844,550 in proceeds. Following the sale of shares at $150.00 each, the insider now holds 253,909 shares.
Before that, Gonsalves Rodney had sold 4,828 shares from its account. In a trade valued at $719,348, the V.P., Corporate Controller traded Agilent Technologies Inc. shares for $149.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,828 shares, worth approximately $3.07 million.
As published in a research note from Stifel on April 05, 2024, Agilent Technologies Inc. [A] has been rated up from a Hold to a Buy and the price target has been revised to $163 from $145. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of December 12, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for A. Earlier on November 17, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for A stock which previously was a “a Buy”.
Analyzing A Stock Performance
During the last five days, there has been a surge of approximately 0.30%. Over the course of the year, Agilent Technologies Inc. shares have jumped approximately 3.69%. Shares of the company reached a 52-week high of $151.58 on 03/08/24 and a 52-week low of $126.74 on 01/17/24. A 50-day SMA is recorded $140.30, while a 200-day SMA reached $125.72. Nevertheless, trading volume fell to 1.05 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Agilent Technologies Inc. (A)
According to the 24-hour chart, there is a support level at 143.45, which, if violated, would cause prices to drop to 142.75. In the upper region, resistance lies at 144.96. The next price resistance is at 145.77. RSI (Relative Strength Index) is 50.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 66.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Agilent Technologies Inc. subject to short interest?
Stocks of Agilent Technologies Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.21 million shares to 3.95 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 2.74 million shares. A jump of 30.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.99 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.99.
