Ametek Inc’s recent filing unveils that its Director Kohlhagen Steven W unloaded Company’s shares for reported $0.25 million on Jun 12 ’24. In the deal valued at $173.93 per share,1,440 shares were sold. As a result of this transaction, Kohlhagen Steven W now holds 24,809 shares worth roughly $4.16 million.
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Then, Kohlhagen Steven W sold 1,470 shares, generating $250,196 in total proceeds. Upon selling the shares at $170.20, the Director now owns 26,249 shares.
Before that, Kohlhagen Steven W sold 1,365 shares. Ametek Inc shares valued at $248,728 were divested by the Director at a price of $182.22 per share. As a result of the transaction, Kohlhagen Steven W now holds 27,719 shares, worth roughly $4.64 million.
Oppenheimer upgraded its Ametek Inc [AME] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. TD Cowen also remained covering AME and has decreased its forecast on November 27, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Exane BNP Paribas started covering the stock on October 05, 2023. It rated AME as “a Neutral”.
Price Performance Review of AME
On Friday, Ametek Inc [NYSE:AME] saw its stock jump 0.37% to $167.51. Over the last five days, the stock has gained 2.36%. Ametek Inc shares have risen nearly 1.59% since the year began. Nevertheless, the stocks have risen 9.85% over the past one year. While a 52-week high of $186.32 was reached on 03/21/24, a 52-week low of $136.89 was recorded on 08/05/24. SMA at 50 days reached $166.13, while 200 days put it at $169.39.
Levels Of Support And Resistance For AME Stock
The 24-hour chart illustrates a support level at 166.71, which if violated will result in even more drops to 165.92. On the upside, there is a resistance level at 168.69. A further resistance level may holdings at 169.88. The Relative Strength Index (RSI) on the 14-day chart is 54.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.32%. Stochastics %K at 47.19% indicates the stock is a holding.
How much short interest is there in Ametek Inc?
A steep rise in short interest was recorded in Ametek Inc stocks on 2024-08-30, dropping by 81890.0 shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.46 million shares. There was a decline of -3.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 07, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $195 price target.
