Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AMGEN Inc. shares valued at $662,802 were sold by Grygiel Nancy A. on May 03 ’24. At $313.09 per share, Grygiel Nancy A. sold 2,117 shares. The insider’s holdings dropped to 9,883 shares worth approximately $3.17 million following the completion of this transaction.
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Also, Grygiel Nancy A. sold 2,096 shares, netting a total of over 572,276 in proceeds. Following the sale of shares at $273.03 each, the insider now holds 10,874 shares.
Before that, Graham Jonathan P had sold 10,000 shares from its account. In a trade valued at $2,728,136, the EVP, Gen. Counsel & Secy. traded AMGEN Inc. shares for $272.81 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $9.01 million.
As published in their initiating research note from Cantor Fitzgerald on September 27, 2024, AMGEN Inc. [AMGN] has been an Overweight and the price target has been revised to $405. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early August. As of May 03, 2024, William Blair has increased its “Mkt perform” rating to a “an Outperform” for AMGN. Earlier on May 03, 2024, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for AMGN stock which previously was a “an Underweight”.
Analyzing AMGN Stock Performance
During the last five days, there has been a surge of approximately 1.11%. Over the course of the year, AMGEN Inc. shares have jumped approximately 11.45%. Shares of the company reached a 52-week high of $346.85 on 07/25/24 and a 52-week low of $260.68 on 04/19/24. A 50-day SMA is recorded $326.21, while a 200-day SMA reached $304.97. Nevertheless, trading volume fell to 1.19 million shares from 1.38 million shares the previous day.
Support And Resistance Levels for AMGEN Inc. (AMGN)
According to the 24-hour chart, there is a support level at 318.98, which, if violated, would cause prices to drop to 316.96. In the upper region, resistance lies at 322.80. The next price resistance is at 324.60. RSI (Relative Strength Index) is 46.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.00, which suggests the price will decrease in the coming days. Percent R is at 67.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
