Amphastar Pharmaceuticals Inc’s filing revealed that its CFO, EVP & TREASURER PETERS WILLIAM J unloaded Company’s shares for reported $0.15 million on Jun 27 ’24. In the deal valued at $40.93 per share,3,596 shares were sold. As a result of this transaction, PETERS WILLIAM J now holds 94,103 shares worth roughly $3.62 million.
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Then, Petersen Floyd F. sold 3,000 shares, generating $124,200 in total proceeds. Upon selling the shares at $41.40, the Director now owns 78,409 shares.
Before that, Petersen Floyd F. sold 500 shares. Amphastar Pharmaceuticals Inc shares valued at $21,326 were divested by the Director at a price of $42.65 per share. As a result of the transaction, Petersen Floyd F. now holds 78,333 shares, worth roughly $3.02 million.
JP Morgan initiated its Amphastar Pharmaceuticals Inc [AMPH] rating to an Overweight in a research note published on March 05, 2024; the price target was $60. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid November with a ‘”a Neutral”‘ rating.
Price Performance Review of AMPH
On Monday, Amphastar Pharmaceuticals Inc [NASDAQ:AMPH] saw its stock fall -3.73% to $38.51. Over the last five days, the stock has lost -5.71%. Amphastar Pharmaceuticals Inc shares have fallen nearly -37.74% since the year began. Nevertheless, the stocks have fallen -31.12% over the past one year. While a 52-week high of $67.66 was reached on 01/05/24, a 52-week low of $38.43 was recorded on 07/01/24. SMA at 50 days reached $41.52, while 200 days put it at $48.31. A total of 0.73 million shares were traded, compared to the trading of 0.6 million shares in the previous session.
Levels Of Support And Resistance For AMPH Stock
The 24-hour chart illustrates a support level at 37.51, which if violated will result in even more drops to 36.52. On the upside, there is a resistance level at 39.45. A further resistance level may holdings at 40.40. The Relative Strength Index (RSI) on the 14-day chart is 32.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.51%. Stochastics%K at 24.49% indicates the stock is a holding.
The most recent change occurred on July 29, 2022 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $44 price target.
