Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amphenol Corp. shares valued at $9,497,334 were sold by WALTER LUC on May 23 ’24. At $135.68 per share, WALTER LUC sold 70,000 shares. The insider’s holdings dropped to 223,895 shares worth approximately $15.38 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, WALTER LUC sold 115,000 shares, netting a total of over 15,540,801 in proceeds. Following the sale of shares at $135.14 each, the insider now holds 198,640 shares.
Before that, Straub Peter had sold 20,000 shares from its account. In a trade valued at $2,212,800, the President, ISS Division traded Amphenol Corp. shares for $110.64 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $0.0.
As published in their initiating research note from Seaport Research Partners on May 20, 2024, Amphenol Corp. [APH] has been a Buy and the price target has been revised to $150. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early April. As of January 05, 2024, Citigroup has initiated its “Buy” rating for APH. Earlier on October 05, 2023, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for APH stock.
Analyzing APH Stock Performance
During the last five days, there has been a surge of approximately 3.08%. Over the course of the year, Amphenol Corp. shares have jumped approximately 38.59%. Shares of the company reached a 52-week high of $69.29 on 05/24/24 and a 52-week low of $46.94 on 01/04/24. A 50-day SMA is recorded $62.22, while a 200-day SMA reached $51.17. Nevertheless, trading volume fell to 6.64 million shares from 4.8 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 67.64, which, if violated, would cause prices to drop to 66.60. In the upper region, resistance lies at 69.35. The next price resistance is at 70.02. RSI (Relative Strength Index) is 68.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.92, which suggests the price will decrease in the coming days. Percent R is at 12.86%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
