AMC Networks Inc’s filing revealed that its Chief Commercial Officer Kelleher Kimberly unloaded Company’s shares for reported $0.19 million on May 23 ’24. In the deal valued at $17.22 per share,10,941 shares were sold. As a result of this transaction, Kelleher Kimberly now holds 0 shares worth roughly $0.0.
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Then, O’Connell Patrick sold 6,459 shares, generating $105,387 in total proceeds. Upon selling the shares at $16.32, the EVP & Chief Financial Officer now owns 0 shares.
Before that, Sherin Michael J. III sold 4,948 shares. AMC Networks Inc shares valued at $79,692 were divested by the EVP & Chief Accounting Officer at a price of $16.11 per share. As a result of the transaction, Sherin Michael J. III now holds 0 shares, worth roughly $0.0.
Seaport Research Partners downgraded its AMC Networks Inc [AMCX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering AMCX and has decreased its forecast on June 06, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Deutsche Bank revised its rating on July 22, 2021. It rated AMCX as “a Sell” which previously was an “a Hold”.
Price Performance Review of AMCX
On Tuesday, AMC Networks Inc [NASDAQ:AMCX] saw its stock fall -1.19% to $10.00. Over the last five days, the stock has lost -8.68%. AMC Networks Inc shares have fallen nearly -46.78% since the year began. Nevertheless, the stocks have fallen -28.16% over the past one year. While a 52-week high of $20.97 was reached on 01/02/24, a 52-week low of $8.84 was recorded on 06/27/24. SMA at 50 days reached $12.19, while 200 days put it at $14.00. A total of 0.67 million shares were traded, compared to the trading of 1.0 million shares in the previous session.
Levels Of Support And Resistance For AMCX Stock
The 24-hour chart illustrates a support level at 9.74, which if violated will result in even more drops to 9.48. On the upside, there is a resistance level at 10.26. A further resistance level may holdings at 10.52. The Relative Strength Index (RSI) on the 14-day chart is 39.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.86%. Stochastics%K at 28.82% indicates the stock is a holding.
