Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amcor Plc shares valued at $14,197 were purchased by Roegner Eric V on Feb 09 ’24. At $9.10 per share, Roegner Eric V acquired 1,560 shares. The insider’s holdings grew to 520 shares worth approximately $5475.599999999999 following the completion of this transaction.
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Also, Guerra Karen Jane sold 25,000 shares, netting a total of over 225,444 in proceeds. Following the sale of shares at $9.02 each, the insider now holds 75,424 shares.
Before that, NAYAR ARUN had sold 10,261 shares from its account. In a trade valued at $96,351, the Director traded Amcor Plc shares for $9.39 each. Upon closing the transaction, the insider’s holdings decreased to 10,261 shares, worth approximately $0.55 million.
As published in their initiating research note from Stifel on July 09, 2024, Amcor Plc [AMCR] has been a Hold and the price target has been revised to $10.80. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late June. As of July 10, 2023, BofA Securities has decreased its “Buy” rating to a “an Underperform” for AMCR. Earlier on May 03, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for AMCR stock which previously was a “a Neutral”.
Analyzing AMCR Stock Performance
During the last five days, there has been a surge of approximately 4.46%. Over the course of the year, Amcor Plc shares have jumped approximately 9.23%. Shares of the company reached a 52-week high of $10.62 on 07/31/24 and a 52-week low of $8.78 on 02/13/24. A 50-day SMA is recorded $9.99, while a 200-day SMA reached $9.50. Nevertheless, trading volume fell to 22.76 million shares from 16.04 million shares the previous day.
Support And Resistance Levels for Amcor Plc (AMCR)
According to the 24-hour chart, there is a support level at 10.42, which, if violated, would cause prices to drop to 10.32. In the upper region, resistance lies at 10.63. The next price resistance is at 10.73. RSI (Relative Strength Index) is 68.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 10.98%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
