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Recent Insider Activity Could Benefit AMGEN Inc. (AMGN)

AMGEN Inc.’s recent filing unveils that its SVP & CCO Grygiel Nancy A. unloaded Company’s shares for reported $0.66 million on May 03 ’24. In the deal valued at $313.09 per share,2,117 shares were sold. As a result of this transaction, Grygiel Nancy A. now holds 9,883 shares worth roughly $3.11 million.

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Then, Grygiel Nancy A. sold 2,096 shares, generating $572,276 in total proceeds. Upon selling the shares at $273.03, the SVP & CCO now owns 10,874 shares.

Before that, Graham Jonathan P sold 10,000 shares. AMGEN Inc. shares valued at $2,728,136 were divested by the EVP, Gen. Counsel & Secy. at a price of $272.81 per share. As a result of the transaction, Graham Jonathan P now holds 28,078 shares, worth roughly $8.84 million.

William Blair upgraded its AMGEN Inc. [AMGN] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early May from “an Underweight” to “an Equal weight”. Leerink Partners revised its rating on February 07, 2024. It rated AMGN as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of AMGN

On Tuesday, AMGEN Inc. [NASDAQ:AMGN] saw its stock jump 0.10% to $314.85. Over the last five days, the stock has gained 1.10%. AMGEN Inc. shares have risen nearly 9.32% since the year began. Nevertheless, the stocks have risen 40.92% over the past one year. While a 52-week high of $329.72 was reached on 02/05/24, a 52-week low of $211.71 was recorded on 04/19/24. SMA at 50 days reached $282.75, while 200 days put it at $278.74. A total of 1.71 million shares were traded, compared to the trading of 1.38 million shares in the previous session.

Levels Of Support And Resistance For AMGN Stock

The 24-hour chart illustrates a support level at 312.28, which if violated will result in even more drops to 309.70. On the upside, there is a resistance level at 317.05. A further resistance level may holdings at 319.24. The Relative Strength Index (RSI) on the 14-day chart is 66.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.25%. Stochastics %K at 82.41% indicates the stock is a selling.

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