Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amphastar Pharmaceuticals Inc shares valued at $139,417 were sold by Petersen Floyd F. on Sep 05 ’24. At $46.47 per share, Petersen Floyd F. sold 3,000 shares. The insider’s holdings dropped to 75,409 shares worth approximately $3.51 million following the completion of this transaction.
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Also, Floyd Petersen purchased 5,000 shares, netting a total of over 230,000 in proceeds.
Before that, Zhou Rong had sold 4,000 shares from its account. In a trade valued at $193,400, the SENIOR EVP, PRODUCTION CENTER traded Amphastar Pharmaceuticals Inc shares for $48.35 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $5.51 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 surge of approximately 2.42%. Over the course of the year, Amphastar Pharmaceuticals Inc shares have dropped approximately -24.79%. 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 $43.03, while a 200-day SMA reached $47.00. Nevertheless, trading volume fell to 0.65 million shares from 0.31 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 45.26, which, if violated, would cause prices to drop to 44.01. In the upper region, resistance lies at 47.26. The next price resistance is at 48.01. RSI (Relative Strength Index) is 56.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.53, which suggests the price will decrease in the coming days. Percent R is at 48.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
