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Amphastar Pharmaceuticals Inc (AMPH) gets rating Initiated from JP Morgan

Amphastar Pharmaceuticals Inc’s recently made public 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 $3.48 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 $2.9 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 Tuesday, Amphastar Pharmaceuticals Inc [NASDAQ:AMPH] saw its stock fall -1.02% to $36.99. Over the last five days, the stock has lost -3.95%. Amphastar Pharmaceuticals Inc shares have fallen nearly -40.19% since the year began. Nevertheless, the stocks have fallen -33.85% over the past one year. While a 52-week high of $67.66 was reached on 01/05/24, a 52-week low of $37.00 was recorded on 07/09/24. SMA at 50 days reached $41.23, while 200 days put it at $48.10. A total of 0.72 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For AMPH Stock

The 24-hour chart illustrates a support level at 36.54, which if violated will result in even more drops to 36.09. On the upside, there is a resistance level at 37.46. A further resistance level may holdings at 37.93. The Relative Strength Index (RSI) on the 14-day chart is 30.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.35%. Stochastics%K at 9.43% indicates the stock is a buying.

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.

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