In a filing, Applied Materials Inc. revealed its Director Iannotti Thomas J unloaded Company’s shares for reported $2.33 million on Jun 21 ’24. In the deal valued at $236.65 per share,9,827 shares were sold. As a result of this transaction, Iannotti Thomas J now holds 49,185 shares worth roughly $11.3 million.
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Then, DICKERSON GARY E sold 400,000 shares, generating $98,579,111 in total proceeds. Upon selling the shares at $246.45, the President and CEO now owns 1,542,269 shares.
Before that, Raja Prabu G. sold 50,000 shares. Applied Materials Inc. shares valued at $12,458,500 were divested by the President, Semi. Products Grp. at a price of $249.17 per share. As a result of the transaction, Raja Prabu G. now holds 458,417 shares, worth roughly $105.36 million.
Barclays upgraded its Applied Materials Inc. [AMAT] rating to an Equal weight from a an Underweight in a research note published on June 05, 2024; the price target was increased to $225 from $165. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid May has reiterated a ‘”a Buy”‘ rating for it. Jefferies also remained covering AMAT and has decreased its forecast on May 13, 2024 with a “Hold” recommendation from previously “Buy” rating. Evercore ISI started covering the stock on April 16, 2024. It rated AMAT as “an Outperform”.
Price Performance Review of AMAT
On Monday, Applied Materials Inc. [NASDAQ:AMAT] saw its stock fall -2.37% to $229.84. Over the last five days, the stock has lost -3.03%. Applied Materials Inc. shares have risen nearly 41.82% since the year began. Nevertheless, the stocks have risen 65.45% over the past one year. While a 52-week high of $249.42 was reached on 06/18/24, a 52-week low of $129.21 was recorded on 01/05/24. SMA at 50 days reached $214.29, while 200 days put it at $177.10. A total of 5.77 million shares were traded, compared to the trading of 15.39 million shares in the previous session.
Levels Of Support And Resistance For AMAT Stock
The 24-hour chart illustrates a support level at 227.71, which if violated will result in even more drops to 225.58. On the upside, there is a resistance level at 233.69. A further resistance level may holdings at 237.54. The Relative Strength Index (RSI) on the 14-day chart is 53.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 48.48%. Stochastics %K at 64.54% indicates the stock is a holding.
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