Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amphenol Corp. shares valued at $25,710,480 were purchased by RICHARD ADAM NORWITT on Jul 31 ’24. At $64.28 per share, RICHARD ADAM NORWITT acquired 400,000 shares.
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Also, NORWITT RICHARD ADAM sold 400,000 shares, netting a total of over 25,710,480 in proceeds. Following the sale of shares at $64.28 each, the insider now holds 1,934,848 shares.
Before that, LUC WALTER had added 170,000 shares to its account. In a trade valued at $10,896,915, the Officer bought Amphenol Corp. shares for $64.10 each.
As published in their initiating research note from Vertical Research on July 23, 2024, Amphenol Corp. [APH] has been a Hold and the price target has been revised to $65. Analysts at Seaport Research Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of April 09, 2024, Jefferies has initiated its “Hold” rating for APH. Earlier on January 05, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for APH stock.
Analyzing APH Stock Performance
During the last five days, there has been a surge of approximately 0.58%. Over the course of the year, Amphenol Corp. shares have jumped approximately 25.33%. Shares of the company reached a 52-week high of $70.84 on 06/20/24 and a 52-week low of $46.94 on 01/04/24. A 50-day SMA is recorded $66.85, while a 200-day SMA reached $55.31. Nevertheless, trading volume fell to 9.08 million shares from 8.85 million shares the previous day.
Support And Resistance Levels for Amphenol Corp. (APH)
According to the 24-hour chart, there is a support level at 60.66, which, if violated, would cause prices to drop to 59.21. In the upper region, resistance lies at 63.75. The next price resistance is at 65.39. RSI (Relative Strength Index) is 40.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.97, which suggests the price will decrease in the coming days. Percent R is at 84.38%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
