Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ametek Inc shares valued at $250,464 were sold by Kohlhagen Steven W on Jun 12 ’24. At $173.93 per share, Kohlhagen Steven W sold 1,440 shares. The insider’s holdings dropped to 24,809 shares worth approximately $4.27 million following the completion of this transaction.
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Also, Kohlhagen Steven W sold 1,470 shares, netting a total of over 250,196 in proceeds. Following the sale of shares at $170.20 each, the insider now holds 26,249 shares.
Before that, Kohlhagen Steven W had sold 1,365 shares from its account. In a trade valued at $248,728, the Director traded Ametek Inc shares for $182.22 each. Upon closing the transaction, the insider’s holdings decreased to 1,365 shares, worth approximately $4.77 million.
As published in a research note from Oppenheimer on May 22, 2024, Ametek Inc [AME] has been rated up from a Perform to an Outperform and the price target has been revised to $200. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of November 27, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for AME. Earlier on October 05, 2023, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for AME stock.
Analyzing AME Stock Performance
During the last five days, there has been a surge of approximately 3.21%. Over the course of the year, Ametek Inc shares have jumped approximately 4.46%. Shares of the company reached a 52-week high of $186.32 on 03/21/24 and a 52-week low of $149.03 on 08/05/24. A 50-day SMA is recorded $166.50, while a 200-day SMA reached $169.69. Nevertheless, trading volume fell to 0.87 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Ametek Inc (AME)
According to the 24-hour chart, there is a support level at 170.55, which, if violated, would cause prices to drop to 168.86. In the upper region, resistance lies at 173.32. The next price resistance is at 174.40. RSI (Relative Strength Index) is 65.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.83, which suggests the price will increase in the coming days. Percent R is at 4.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
