In a filing, Applied Materials Inc. revealed 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 $39.28 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 $14.3 million.
A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “an Overweight”. TD Cowen also remained covering AMAT and reiterated its “an Outperform” recommendation on February 16, 2024. Cantor Fitzgerald started covering the stock on January 23, 2024. It rated AMAT as “a Neutral”.
Price Performance Review of AMAT
On Monday, Applied Materials Inc. [NASDAQ:AMAT] saw its stock fall -1.05% to $205.68. Over the last five days, the stock has lost -1.61%. Applied Materials Inc. shares have risen nearly 26.91% since the year began. Nevertheless, the stocks have risen 81.26% 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 $199.39, while 200 days put it at $160.29. A total of 4.48 million shares were traded, compared to the trading of 5.85 million shares in the previous session.
Levels Of Support And Resistance For AMAT Stock
The 24-hour chart illustrates a support level at 201.81, which if violated will result in even more drops to 197.95. On the upside, there is a resistance level at 212.00. A further resistance level may holdings at 218.33. The Relative Strength Index (RSI) on the 14-day chart is 50.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 68.65%. Stochastics %K at 60.48% indicates the stock is a holding.
The most recent change occurred on December 12, 2023 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $185.
