In a filing, Analog Devices Inc. revealed its Chair & CEO ROCHE VINCENT unloaded Company’s shares for reported $1.97 million on May 01 ’24. In the deal valued at $197.06 per share,10,000 shares were sold. As a result of this transaction, ROCHE VINCENT now holds 51,039 shares worth roughly $10.38 million.
Then, Jain Vivek sold 3,479 shares, generating $687,317 in total proceeds. Upon selling the shares at $197.56, the EVP, Global Operations now owns 5,745 shares.
Before that, ROCHE VINCENT sold 10,000 shares. Analog Devices Inc. shares valued at $1,974,000 were divested by the Chair & CEO at a price of $197.40 per share. As a result of the transaction, ROCHE VINCENT now holds 51,039 shares, worth roughly $10.38 million.
Evercore ISI initiated its Analog Devices Inc. [ADI] rating to an Outperform in a research note published on April 16, 2024; the price target was $254. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Wolfe Research also remained covering ADI and has increased its forecast on January 18, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Bernstein revised its rating on January 04, 2024. It rated ADI as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of ADI
On Monday, Analog Devices Inc. [NASDAQ:ADI] saw its stock jump 1.85% to $203.32. Over the last five days, the stock has lost -0.28%. Analog Devices Inc. shares have risen nearly 2.40% since the year began. Nevertheless, the stocks have risen 12.13% over the past one year. While a 52-week high of $204.20 was reached on 04/30/24, a 52-week low of $154.99 was recorded on 01/04/24. SMA at 50 days reached $194.38, while 200 days put it at $185.84. A total of 2.17 million shares were traded, compared to the trading of 2.37 million shares in the previous session.
Levels Of Support And Resistance For ADI Stock
The 24-hour chart illustrates a support level at 201.07, which if violated will result in even more drops to 198.81. On the upside, there is a resistance level at 204.50. A further resistance level may holdings at 205.68. The Relative Strength Index (RSI) on the 14-day chart is 58.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.07%. Stochastics %K at 79.72% indicates the stock is a holding.
