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Amcor Plc [AMCR] Investment Appeal on the Rise

In a filing, Amcor Plc revealed its PRESIDENT,AMCOR RIGID PKG Roegner Eric V acquired Company’s shares for reported $14197.0 on Feb 09 ’24. In the deal valued at $9.10 per share,1,560 shares were bought. As a result of this transaction, Roegner Eric V now holds 520 shares worth roughly $5397.6.

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Then, Guerra Karen Jane sold 25,000 shares, generating $225,444 in total proceeds. Upon selling the shares at $9.02, the Director now owns 75,424 shares.

Before that, NAYAR ARUN sold 10,261 shares. Amcor Plc shares valued at $96,351 were divested by the Director at a price of $9.39 per share. As a result of the transaction, NAYAR ARUN now holds 52,527 shares, worth roughly $0.55 million.

Stifel initiated its Amcor Plc [AMCR] rating to a Hold in a research note published on July 09, 2024; the price target was $10.80. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late June with a ‘”an Equal weight”‘ rating. BofA Securities also remained covering AMCR and has decreased its forecast on July 10, 2023 with a “an Underperform” recommendation from previously “Buy” rating. JP Morgan revised its rating on May 03, 2023. It rated AMCR as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of AMCR

On Friday, Amcor Plc [NYSE:AMCR] saw its stock jump 2.27% to $10.38. Over the last five days, the stock has gained 2.67%. Amcor Plc shares have risen nearly 7.68% since the year began. Nevertheless, the stocks have risen 2.27% over the past one year. While a 52-week high of $10.51 was reached on 05/13/24, a 52-week low of $8.45 was recorded on 02/13/24. SMA at 50 days reached $9.98, while 200 days put it at $9.48. A total of 12.41 million shares were traded, compared to the trading of 10.71 million shares in the previous session.

Levels Of Support And Resistance For AMCR Stock

The 24-hour chart illustrates a support level at 10.25, which if violated will result in even more drops to 10.13. On the upside, there is a resistance level at 10.45. A further resistance level may holdings at 10.53. The Relative Strength Index (RSI) on the 14-day chart is 64.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.77%. Stochastics%K at 72.04% indicates the stock is a holding.

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