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A Guide To The Risks Of Investing In Altus Power Inc (AMPS)

Altus Power Inc’s recent filing unveils that its CO-FOUNDER, CEO & PRESIDENT Felton Gregg J acquired Company’s shares for reported $0.14 million on Jun 07 ’24. In the deal valued at $3.99 per share,34,139 shares were bought. As a result of this transaction, Felton Gregg J now holds 12,044,603 shares worth roughly $49.74 million.

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Then, Felton Gregg J bought 25,000 shares, generating $99,750 in total proceeds. Upon buying the shares at $3.99, the CO-FOUNDER, CEO & PRESIDENT now owns 12,010,464 shares.

Before that, Felton Gregg J bought 8,285 shares. Altus Power Inc shares valued at $33,389 were divested by the CO-FOUNDER, CEO & PRESIDENT at a price of $4.03 per share. As a result of the transaction, Felton Gregg J now holds 11,985,464 shares, worth roughly $49.5 million.

Seaport Research Partners initiated its Altus Power Inc [AMPS] rating to a Buy in a research note published on June 03, 2024; the price target was $6.50. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid May from “an Overweight” to “a Neutral”. Maxim Group began covering AMPS with “Buy” recommendation on April 10, 2024. Northland Capital started covering the stock on November 30, 2023. It rated AMPS as “an Outperform”.

Price Performance Review of AMPS

On Tuesday, Altus Power Inc [NYSE:AMPS] saw its stock jump 0.49% to $4.13. Over the last five days, the stock has gained 10.72%. Altus Power Inc shares have fallen nearly -39.53% since the year began. Nevertheless, the stocks have fallen -29.04% over the past one year. While a 52-week high of $7.28 was reached on 02/15/24, a 52-week low of $3.40 was recorded on 04/25/24. SMA at 50 days reached $4.11, while 200 days put it at $5.14. A total of 0.58 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For AMPS Stock

The 24-hour chart illustrates a support level at 4.04, which if violated will result in even more drops to 3.94. On the upside, there is a resistance level at 4.20. A further resistance level may holdings at 4.27. The Relative Strength Index (RSI) on the 14-day chart is 51.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.68%. Stochastics%K at 48.97% indicates the stock is a holding.

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