Analog Devices Inc.’s recent filing unveils that its Chair & CEO ROCHE VINCENT unloaded Company’s shares for reported $2.29 million on Sep 03 ’24. In the deal valued at $228.69 per share,10,000 shares were sold. As a result of this transaction, ROCHE VINCENT now holds 51,039 shares worth roughly $11.54 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, ROCHE VINCENT bought 10,000 shares, generating $2,286,900 in total proceeds.
Before that, Frank Edward H. sold 995 shares. Analog Devices Inc. shares valued at $233,133 were divested by the Director at a price of $234.31 per share. As a result of the transaction, Frank Edward H. now holds 3,753 shares, worth roughly $0.85 million.
Truist downgraded its Analog Devices Inc. [ADI] rating to a Hold from a a Buy in a research note published on September 23, 2024; the price target was decreased to $233 from $266. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late May has reiterated a ‘”a Buy”‘ rating for it. Jefferies began covering ADI with “Buy” recommendation on May 13, 2024. Evercore ISI started covering the stock on April 16, 2024. It rated ADI as “an Outperform”.
Price Performance Review of ADI
On Monday, Analog Devices Inc. [NASDAQ:ADI] saw its stock fall -0.34% to $226.01. Over the last five days, the stock has gained 1.22%. Analog Devices Inc. shares have risen nearly 13.82% since the year began. Nevertheless, the stocks have risen 30.01% over the past one year. While a 52-week high of $244.14 was reached on 07/17/24, a 52-week low of $154.99 was recorded on 01/04/24. SMA at 50 days reached $223.62, while 200 days put it at $208.72.
Levels Of Support And Resistance For ADI Stock
The 24-hour chart illustrates a support level at 224.53, which if violated will result in even more drops to 223.04. On the upside, there is a resistance level at 227.17. A further resistance level may holdings at 228.32. The Relative Strength Index (RSI) on the 14-day chart is 51.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.28%. Stochastics %K at 69.11% indicates the stock is a holding.
How much short interest is there in Analog Devices Inc.?
A steep rise in short interest was recorded in Analog Devices Inc. stocks on 2024-08-30, growing by 0.85 million shares to a total of 8.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.79 million shares. There was a rise of 9.86%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 23, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”a Neutral”‘ rating along with a $205 price target.
