AMGEN Inc.’s recently made public that 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 $-3.21 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 $9.11 million.
Truist downgraded its AMGEN Inc. [AMGN] rating to a Hold from a a Buy in a research note published on October 14, 2024; the price target was increased to $333 from $320. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late September with a ‘”an Overweight”‘ rating. Wells Fargo also remained covering AMGN and has decreased its forecast on August 07, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. William Blair revised its rating on May 03, 2024. It rated AMGN as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of AMGN
On Monday, AMGEN Inc. [NASDAQ:AMGN] saw its stock fall -1.14% to $324.62. Over the last five days, the stock has gained 2.26%. AMGEN Inc. shares have risen nearly 12.71% since the year began. Nevertheless, the stocks have risen 13.89% 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 $325.87, while 200 days put it at $305.39.
Levels Of Support And Resistance For AMGN Stock
The 24-hour chart illustrates a support level at 322.49, which if violated will result in even more drops to 320.36. On the upside, there is a resistance level at 326.85. A further resistance level may holdings at 329.08. The Relative Strength Index (RSI) on the 14-day chart is 50.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.14%. Stochastics %K at 58.09% 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 2024-09-30, growing by 1.34 million shares to a total of 9.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.48 million shares. There was a rise of 13.62%, which implies that there is a positive sentiment for the stock.
