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Amphenol Corp. [APH] Shares Jump Approximately 56.02% Over the Year

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Amphenol Corp. shares valued at $2,212,800 were sold by Straub Peter on Mar 06 ’24. At $110.64 per share, Straub Peter sold 20,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

Also, Lampo Craig A sold 100,000 shares, netting a total of over 10,466,690 in proceeds. Following the sale of shares at $104.67 each, the insider now holds 147,045 shares.

Before that, D’AMICO LANCE E had sold 15,000 shares from its account. In a trade valued at $1,571,302, the Sr. VP, Secretary & GenCounsel traded Amphenol Corp. shares for $104.75 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $3.06 million.

As published in their initiating research note from Jefferies on April 09, 2024, Amphenol Corp. [APH] has been a Hold and the price target has been revised to $125. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of October 05, 2023, Exane BNP Paribas has initiated its “an Outperform” rating for APH. Earlier on May 19, 2023, Credit Suisse downgraded its rating. Their new recommendation was “a Neutral” for APH stock which previously was a “an Outperform”.

Analyzing APH Stock Performance

During the last five days, there has been a surge of approximately 2.54%. Over the course of the year, Amphenol Corp. shares have jumped approximately 20.31%. Shares of the company reached a 52-week high of $123.60 on 04/30/24 and a 52-week low of $93.89 on 01/04/24. A 50-day SMA is recorded $112.77, while a 200-day SMA reached $95.92. Nevertheless, trading volume fell to 4.35 million shares from 3.58 million shares the previous day.

Support And Resistance Levels for Amphenol Corp. (APH)

According to the 24-hour chart, there is a support level at 118.28, which, if violated, would cause prices to drop to 117.30. In the upper region, resistance lies at 120.77. The next price resistance is at 122.28. RSI (Relative Strength Index) is 61.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.37, which suggests the price will increase in the coming days. Percent R is at 30.65%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.

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