Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amplitude Inc shares valued at $42,062 were sold by Wong Catherine on Feb 23 ’24. At $11.97 per share, Wong Catherine sold 3,515 shares. The insider’s holdings dropped to 86,335 shares worth approximately $0.82 million following the completion of this transaction.
Also, Battery Ventures Select Fund I sold 33,333 shares, netting a total of over 418,662 in proceeds. Following the sale of shares at $12.56 each, the insider now holds 327,766 shares.
Before that, Agrawal Neeraj had sold 33,333 shares from its account. In a trade valued at $418,662, the 10% Owner traded Amplitude Inc shares for $12.56 each. Upon closing the transaction, the insider’s holdings decreased to 33,333 shares, worth approximately $3.09 million.
As published in their initiating research note from KeyBanc Capital Markets on March 21, 2024, Amplitude Inc [AMPL] has been a Sector weight. Analysts at Scotiabank downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in late February. As of February 01, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for AMPL. Earlier on May 10, 2023, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for AMPL stock which previously was a “an Outperform”.
Analyzing AMPL Stock Performance
During the last five days, there has been a drop of approximately -3.67%. Over the course of the year, Amplitude Inc shares have dropped approximately -25.79%. Shares of the company reached a 52-week high of $14.42 on 02/12/24 and a 52-week low of $9.06 on 02/21/24. A 50-day SMA is recorded $10.53, while a 200-day SMA reached $11.43. Nevertheless, trading volume fell to 0.79 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Amplitude Inc (AMPL)
According to the 24-hour chart, there is a support level at 9.21, which, if violated, would cause prices to drop to 8.99. In the upper region, resistance lies at 9.65. The next price resistance is at 9.87. RSI (Relative Strength Index) is 32.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 75.26%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
