Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Analog Devices Inc. shares valued at $6,723,000 were sold by Bryant Gregory M on Sep 25 ’24. At $224.10 per share, Bryant Gregory M sold 30,000 shares. The insider’s holdings dropped to 109,093 shares worth approximately $25.36 million following the completion of this transaction.
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Also, Bryant Gregory M purchased 30,000 shares, netting a total of over 6,723,000 in proceeds.
Before that, ROCHE VINCENT had sold 10,000 shares from its account. In a trade valued at $2,286,900, the Chair & CEO traded Analog Devices Inc. shares for $228.69 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $11.86 million.
As published in a research note from Truist on September 23, 2024, Analog Devices Inc. [ADI] has been rated down from a Buy to a Hold and the price target has been revised to $233 from $266. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late May. As of May 13, 2024, Jefferies has initiated its “Buy” rating for ADI. Earlier on April 16, 2024, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for ADI stock.
Analyzing ADI Stock Performance
During the last five days, there has been a drop of approximately -0.42%. Over the course of the year, Analog Devices Inc. shares have jumped approximately 17.07%. Shares of the company reached a 52-week high of $244.14 on 07/17/24 and a 52-week low of $181.80 on 01/04/24. A 50-day SMA is recorded $223.02, while a 200-day SMA reached $209.40. Nevertheless, trading volume fell to 3.88 million shares from 2.04 million shares the previous day.
Support And Resistance Levels for Analog Devices Inc. (ADI)
According to the 24-hour chart, there is a support level at 226.85, which, if violated, would cause prices to drop to 221.24. In the upper region, resistance lies at 236.03. The next price resistance is at 239.59. RSI (Relative Strength Index) is 56.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.58, which suggests the price will increase in the coming days. Percent R is at 15.25%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
