Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Air Products & Chemicals Inc. shares valued at $28,327 were sold by Kutz Jeffrey on Dec 05 ’23. At $264.74 per share, Kutz Jeffrey sold 107 shares. The insider’s holdings dropped to 1,270 shares worth approximately $0.3 million following the completion of this transaction.
Also, Ghasemi Seifi purchased 11,000 shares, netting a total of over 2,908,620 in proceeds. Following the buying of shares at $264.42 each, the insider now holds 670,673 shares.
Before that, Ghasemi Seifi had added 10,000 shares to its account. In a trade valued at $2,523,400, the Chairman, Pres. and CEO bought Air Products & Chemicals Inc. shares for $252.34 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $154.81 million.
As published in their initiating research note from Wolfe Research on March 01, 2024, Air Products & Chemicals Inc. [APD] has been an Outperform and the price target has been revised to $279. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late February. As of February 16, 2024, TD Cowen has reiterated its “an Outperform” rating for APD. Earlier on February 15, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for APD stock which previously was a “a Neutral”.
Analyzing APD Stock Performance
During the last five days, there has been a surge of approximately 2.48%. Over the course of the year, Air Products & Chemicals Inc. shares have dropped approximately -14.29%. Shares of the company reached a 52-week high of $274.87 on 01/02/24 and a 52-week low of $212.24 on 02/06/24. A 50-day SMA is recorded $236.09, while a 200-day SMA reached $267.66. Nevertheless, trading volume fell to 1.29 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Air Products & Chemicals Inc. (APD)
According to the 24-hour chart, there is a support level at 232.59, which, if violated, would cause prices to drop to 230.51. In the upper region, resistance lies at 235.92. The next price resistance is at 237.17. RSI (Relative Strength Index) is 47.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 46.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
