The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Analog Devices Inc. shares valued at $2,289,300 were sold by ROCHE VINCENT on Oct 01 ’24. At $228.93 per share, ROCHE VINCENT sold 10,000 shares. The insider’s holdings dropped to 45,326 shares worth approximately $10.27 million following the completion of this transaction.
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Also, Bryant Gregory M sold 30,000 shares, netting a total of over 6,867,900 in proceeds. Following the sale of shares at $228.93 each, the insider now holds 79,093 shares.
Before that, Bryant Gregory M had added 30,000 shares to its account. In a trade valued at $6,867,900, the Officer bought Analog Devices Inc. shares for $228.93 each.
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 -2.54%. Over the course of the year, Analog Devices Inc. shares have jumped approximately 14.10%. 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 $222.52, while a 200-day SMA reached $210.23. Nevertheless, trading volume fell to 2.08 million shares from 1.86 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 224.40, which, if violated, would cause prices to drop to 222.24. In the upper region, resistance lies at 228.78. The next price resistance is at 231.00. RSI (Relative Strength Index) is 50.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 61.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
