Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amphastar Pharmaceuticals Inc shares valued at $193,400 were sold by Zhou Rong on Aug 26 ’24. At $48.35 per share, Zhou Rong sold 4,000 shares. The insider’s holdings dropped to 118,388 shares worth approximately $5.55 million following the completion of this transaction.
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Also, Rong Zhou purchased 13,893 shares, netting a total of over 652,971 in proceeds.
Before that, PRINS RICHARD K had sold 17,101 shares from its account. In a trade valued at $736,550, the Director traded Amphastar Pharmaceuticals Inc shares for $43.07 each. Upon closing the transaction, the insider’s holdings decreased to 17,101 shares, worth approximately $1.59 million.
As published in their initiating research note from JP Morgan on March 05, 2024, Amphastar Pharmaceuticals Inc [AMPH] has been an Overweight and the price target has been revised to $60. Analysts at BofA Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid November.
Analyzing AMPH Stock Performance
During the last five days, there has been a drop of approximately -3.26%. Over the course of the year, Amphastar Pharmaceuticals Inc shares have dropped approximately -24.17%. Shares of the company reached a 52-week high of $65.92 on 01/05/24 and a 52-week low of $36.56 on 07/09/24. A 50-day SMA is recorded $42.34, while a 200-day SMA reached $47.33. Nevertheless, trading volume fell to 0.22 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Amphastar Pharmaceuticals Inc (AMPH)
According to the 24-hour chart, there is a support level at 46.46, which, if violated, would cause prices to drop to 46.02. In the upper region, resistance lies at 47.22. The next price resistance is at 47.53. RSI (Relative Strength Index) is 57.96 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 37.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
