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Recent Insider Activity Could Benefit Amphenol Corp. (APH)

Amphenol Corp.’s filing revealed that 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.

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 $2.91 million.

Jefferies initiated its Amphenol Corp. [APH] rating to a Hold in a research note published on April 09, 2024; the price target was $125. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. Exane BNP Paribas began covering APH with “an Outperform” recommendation on October 05, 2023. Credit Suisse revised its rating on May 19, 2023. It rated APH as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of APH

On Friday, Amphenol Corp. [NYSE:APH] saw its stock fall -2.21% to $113.32. Over the last five days, the stock has lost -3.46%. Amphenol Corp. shares have risen nearly 14.31% since the year began. Nevertheless, the stocks have risen 45.08% over the past one year. While a 52-week high of $119.59 was reached on 03/25/24, a 52-week low of $72.00 was recorded on 01/04/24. SMA at 50 days reached $109.82, while 200 days put it at $93.89. A total of 3.05 million shares were traded, compared to the trading of 3.17 million shares in the previous session.

Levels Of Support And Resistance For APH Stock

The 24-hour chart illustrates a support level at 112.50, which if violated will result in even more drops to 111.67. On the upside, there is a resistance level at 114.52. A further resistance level may holdings at 115.71. The Relative Strength Index (RSI) on the 14-day chart is 51.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.16%. Stochastics %K at 33.74% indicates the stock is a holding.

The most recent change occurred on December 13, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $93 price target.

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