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 $36.18 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 $13.17 million.
Evercore ISI initiated its Applied Materials Inc. [AMAT] rating to an Outperform in a research note published on April 16, 2024; the price target was $260. Cantor Fitzgerald also remained covering AMAT and has increased its forecast on April 08, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on February 16, 2024. It rated AMAT as “an Outperform”.
Price Performance Review of AMAT
On Monday, Applied Materials Inc. [NASDAQ:AMAT] saw its stock fall -0.16% to $189.46. Over the last five days, the stock has lost -7.89%. Applied Materials Inc. shares have risen nearly 16.90% since the year began. Nevertheless, the stocks have risen 65.63% over the past one year. While a 52-week high of $214.91 was reached on 03/21/24, a 52-week low of $109.15 was recorded on 01/05/24. SMA at 50 days reached $202.00, while 200 days put it at $161.62. A total of 6.99 million shares were traded, compared to the trading of 6.5 million shares in the previous session.
Levels Of Support And Resistance For AMAT Stock
The 24-hour chart illustrates a support level at 186.95, which if violated will result in even more drops to 184.44. On the upside, there is a resistance level at 191.88. A further resistance level may holdings at 194.29. The Relative Strength Index (RSI) on the 14-day chart is 35.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.56%. Stochastics %K at 6.46% indicates the stock is a buying.
The most recent change occurred on January 23, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”a Neutral”‘ rating along with a $180 price target.
