Analog Devices Inc.’s filing revealed that its Chair & CEO ROCHE VINCENT unloaded Company’s shares for reported $2.27 million on Jul 01 ’24. In the deal valued at $226.70 per share,10,000 shares were sold. As a result of this transaction, ROCHE VINCENT now holds 51,039 shares worth roughly $11.61 million.
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Then, Bryant Gregory M sold 17,612 shares, generating $4,120,212 in total proceeds. Upon selling the shares at $233.94, the EVP & Pres. Global Bus. Units now owns 69,241 shares.
Before that, ROCHE VINCENT sold 10,000 shares. Analog Devices Inc. shares valued at $2,350,900 were divested by the Chair & CEO at a price of $235.09 per share. As a result of the transaction, ROCHE VINCENT now holds 51,039 shares, worth roughly $11.61 million.
TD Cowen reiterated its Analog Devices Inc. [ADI] rating to a Buy in a research note published on May 23, 2024; the price target was $270. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Evercore ISI began covering ADI with “an Outperform” recommendation on April 16, 2024. Cantor Fitzgerald started covering the stock on January 23, 2024. It rated ADI as “a Neutral”.
Price Performance Review of ADI
On Monday, Analog Devices Inc. [NASDAQ:ADI] saw its stock jump 0.43% to $227.40. Over the last five days, the stock has lost -5.27%. Analog Devices Inc. shares have risen nearly 14.52% since the year began. Nevertheless, the stocks have risen 16.35% over the past one year. While a 52-week high of $244.14 was reached on 07/17/24, a 52-week low of $154.99 was recorded on 01/04/24. SMA at 50 days reached $231.17, while 200 days put it at $199.26. A total of 2.67 million shares were traded, compared to the trading of 4.3 million shares in the previous session.
Levels Of Support And Resistance For ADI Stock
The 24-hour chart illustrates a support level at 225.06, which if violated will result in even more drops to 222.73. On the upside, there is a resistance level at 230.00. A further resistance level may holdings at 232.61. The Relative Strength Index (RSI) on the 14-day chart is 47.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.25%. Stochastics%K at 28.51% indicates the stock is a holding.
