Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ametek Inc shares valued at $250,196 were sold by Kohlhagen Steven W on May 15 ’24. At $170.20 per share, Kohlhagen Steven W sold 1,470 shares. The insider’s holdings dropped to 26,249 shares worth approximately $4.57 million following the completion of this transaction.
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Also, Kohlhagen Steven W sold 1,365 shares, netting a total of over 248,728 in proceeds. Following the sale of shares at $182.22 each, the insider now holds 27,719 shares.
Before that, AMATO THOMAS A had sold 780 shares from its account. In a trade valued at $141,960, the Director traded Ametek Inc shares for $182.00 each. Upon closing the transaction, the insider’s holdings decreased to 780 shares, worth approximately $1.78 million.
As published in a research note from Oppenheimer on May 22, 2024, Ametek Inc [AME] has been rated up from a Perform to an Outperform and the price target has been revised to $200. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of November 27, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for AME. Earlier on October 05, 2023, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for AME stock.
Analyzing AME Stock Performance
During the last five days, there has been a surge of approximately 2.65%. Over the course of the year, Ametek Inc shares have jumped approximately 5.60%. Shares of the company reached a 52-week high of $186.32 on 03/21/24 and a 52-week low of $159.28 on 01/05/24. A 50-day SMA is recorded $176.77, while a 200-day SMA reached $163.21. Nevertheless, trading volume fell to 1.79 million shares from 1.04 million shares the previous day.
Support And Resistance Levels for Ametek Inc (AME)
According to the 24-hour chart, there is a support level at 171.63, which, if violated, would cause prices to drop to 169.13. In the upper region, resistance lies at 175.55. The next price resistance is at 176.97. RSI (Relative Strength Index) is 54.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.42, which suggests the price will increase in the coming days. Percent R is at 2.91%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
