Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Analog Devices Inc. shares valued at $2,280,800 were sold by ROCHE VINCENT on Aug 01 ’24. At $228.08 per share, ROCHE VINCENT sold 10,000 shares. The insider’s holdings dropped to 51,039 shares worth approximately $11.33 million following the completion of this transaction.
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Also, ROCHE VINCENT purchased 10,000 shares, netting a total of over 2,280,800 in proceeds.
Before that, ROCHE VINCENT had sold 10,000 shares from its account. In a trade valued at $2,267,000, the Chair & CEO traded Analog Devices Inc. shares for $226.70 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $11.33 million.
As published in a research note from TD Cowen on May 23, 2024, Analog Devices Inc. [ADI] has been retained to a Buy and the price target has been revised to $270. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of April 16, 2024, Evercore ISI has initiated its “an Outperform” rating for ADI. Earlier on January 23, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “a Neutral” for ADI stock.
Analyzing ADI Stock Performance
During the last five days, there has been a drop of approximately -0.79%. Over the course of the year, Analog Devices Inc. shares have jumped approximately 11.76%. Shares of the company reached a 52-week high of $244.14 on 07/17/24 and a 52-week low of $181.80 on 01/04/24. A 50-day SMA is recorded $226.52, while a 200-day SMA reached $203.86. Nevertheless, trading volume fell to 3.7 million shares from 5.59 million shares the previous day.
Support And Resistance Levels for Analog Devices Inc. (ADI)
According to the 24-hour chart, there is a support level at 219.36, which, if violated, would cause prices to drop to 216.81. In the upper region, resistance lies at 226.36. The next price resistance is at 230.81. RSI (Relative Strength Index) is 50.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.38, which suggests the price will increase in the coming days. Percent R is at 39.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
