Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. AMGEN Inc. shares valued at $572,276 were sold by Grygiel Nancy A. on Dec 04 ’23. At $273.03 per share, Grygiel Nancy A. sold 2,096 shares. The insider’s holdings dropped to 10,874 shares worth approximately $2.94 million following the completion of this transaction.
Also, Graham Jonathan P sold 10,000 shares, netting a total of over 2,728,136 in proceeds. Following the sale of shares at $272.81 each, the insider now holds 28,078 shares.
Before that, AMGEN INC had added 1,764,705 shares to its account. In a trade valued at $29,999,985, the 10% Owner bought AMGEN Inc. shares for $17.00 each. Upon closing the transaction, the insider’s holdings increased to 1,764,705 shares, worth approximately $9.55 billion.
Analysts at Leerink Partners downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early February. As of December 21, 2023, Daiwa Securities has increased its “Neutral” rating to a “Buy” for AMGN. Earlier on December 19, 2023, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for AMGN stock which previously was a “a Market perform”.
Analyzing AMGN Stock Performance
During the last five days, there has been a surge of approximately 0.71%. Over the course of the year, AMGEN Inc. shares have dropped approximately -6.26%. Shares of the company reached a 52-week high of $329.72 on 02/05/24 and a 52-week low of $264.63 on 04/10/24. A 50-day SMA is recorded $283.29, while a 200-day SMA reached $270.36. Nevertheless, trading volume fell to 2.17 million shares from 1.95 million shares the previous day.
Support And Resistance Levels for AMGEN Inc. (AMGN)
According to the 24-hour chart, there is a support level at 267.96, which, if violated, would cause prices to drop to 265.93. In the upper region, resistance lies at 272.52. The next price resistance is at 275.04. RSI (Relative Strength Index) is 41.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.57, which suggests the price will decrease in the coming days. Percent R is at 77.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is AMGEN Inc. subject to short interest?
Stocks of AMGEN Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.55 million shares to 10.47 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 11.02 million shares. A decline of -5.25% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.39 of the overall float, the days-to-cover ratio (short ratio) decline to 3.39.
