Amphenol Corp.’s filing revealed that its Sr. VP, Secretary & GenCounsel D’AMICO LANCE E unloaded Company’s shares for reported $6.56 million on Aug 15 ’24. In the deal valued at $65.63 per share,100,000 shares were sold. As a result of this transaction, D’AMICO LANCE E now holds 51,400 shares worth roughly $3.21 million.
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Then, Doherty William J sold 300,000 shares, generating $19,748,580 in total proceeds. Upon selling the shares at $65.83, the President, CS Division now owns 0 shares.
Before that, Lampo Craig A sold 250,000 shares. Amphenol Corp. shares valued at $16,251,825 were divested by the SR VP & CFO at a price of $65.01 per share. As a result of the transaction, Lampo Craig A now holds 218,116 shares, worth roughly $13.61 million.
BofA Securities downgraded its Amphenol Corp. [APH] rating to a Neutral from a a Buy in a research note published on September 04, 2024; the price target was decreased to $71 from $80. A number of analysts have revised their coverage, including Vertical Research’s analysts, who began to cover the stock in late July with a ‘”a Hold”‘ rating. Seaport Research Partners began covering APH with “Buy” recommendation on May 20, 2024. Jefferies started covering the stock on April 09, 2024. It rated APH as “a Hold”.
Price Performance Review of APH
On Friday, Amphenol Corp. [NYSE:APH] saw its stock jump 0.53% to $62.40. Over the last five days, the stock has lost -4.03%. Amphenol Corp. shares have risen nearly 25.90% since the year began. Nevertheless, the stocks have risen 49.75% over the past one year. While a 52-week high of $70.84 was reached on 06/20/24, a 52-week low of $39.34 was recorded on 01/04/24. SMA at 50 days reached $63.83, while 200 days put it at $59.83.
Levels Of Support And Resistance For APH Stock
The 24-hour chart illustrates a support level at 61.99, which if violated will result in even more drops to 61.57. On the upside, there is a resistance level at 62.79. A further resistance level may holdings at 63.17. The Relative Strength Index (RSI) on the 14-day chart is 42.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.51%. Stochastics %K at 4.29% indicates the stock is a buying.
How much short interest is there in Amphenol Corp.?
A steep rise in short interest was recorded in Amphenol Corp. stocks on 2024-09-13, dropping by -0.39 million shares to a total of 10.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.49 million shares. There was a decline of -3.9%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 05, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $117 price target.
