In a filing, AMGEN Inc. revealed its SVP & CCO Grygiel Nancy A. unloaded Company’s shares for reported $0.66 million on May 03 ’24. In the deal valued at $313.09 per share,2,117 shares were sold. As a result of this transaction, Grygiel Nancy A. now holds 9,883 shares worth roughly $3.14 million.
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Then, Grygiel Nancy A. sold 2,096 shares, generating $572,276 in total proceeds. Upon selling the shares at $273.03, the SVP & CCO now owns 10,874 shares.
Before that, Graham Jonathan P sold 10,000 shares. AMGEN Inc. shares valued at $2,728,136 were divested by the EVP, Gen. Counsel & Secy. at a price of $272.81 per share. As a result of the transaction, Graham Jonathan P now holds 28,078 shares, worth roughly $8.91 million.
Cantor Fitzgerald initiated its AMGEN Inc. [AMGN] rating to an Overweight in a research note published on September 27, 2024; the price target was $405. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Equal weight”. William Blair also remained covering AMGN and has increased its forecast on May 03, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Barclays revised its rating on May 03, 2024. It rated AMGN as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of AMGN
On Monday, AMGEN Inc. [NASDAQ:AMGN] saw its stock fall -0.69% to $317.45. Over the last five days, the stock has lost -1.48%. AMGEN Inc. shares have risen nearly 10.22% since the year began. Nevertheless, the stocks have risen 19.76% over the past one year. While a 52-week high of $346.85 was reached on 07/25/24, a 52-week low of $249.70 was recorded on 04/19/24. SMA at 50 days reached $326.95, while 200 days put it at $304.36.
Levels Of Support And Resistance For AMGN Stock
The 24-hour chart illustrates a support level at 315.51, which if violated will result in even more drops to 313.57. On the upside, there is a resistance level at 319.80. A further resistance level may holdings at 322.14. The Relative Strength Index (RSI) on the 14-day chart is 40.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.41%. Stochastics %K at 22.35% indicates the stock is a holding.
How much short interest is there in AMGEN Inc.?
A steep rise in short interest was recorded in AMGEN Inc. stocks on 2024-09-13, dropping by -0.24 million shares to a total of 9.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.24 million shares. There was a decline of -2.68%, which implies that there is a negative sentiment for the stock.
