Air Products & Chemicals Inc.’s recently made public that its VP, Controller & PAO Kutz Jeffrey unloaded Company’s shares for reported $28327.0 on Dec 05 ’23. In the deal valued at $264.74 per share,107 shares were sold. As a result of this transaction, Kutz Jeffrey now holds 1,270 shares worth roughly $0.41 million.
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Then, Ghasemi Seifi bought 11,000 shares, generating $2,908,620 in total proceeds. Upon buying the shares at $264.42, the Chairman, Pres. and CEO now owns 670,673 shares.
Before that, Ghasemi Seifi bought 10,000 shares. Air Products & Chemicals Inc. shares valued at $2,523,400 were divested by the Chairman, Pres. and CEO at a price of $252.34 per share. As a result of the transaction, Ghasemi Seifi now holds 659,673 shares, worth roughly $213.23 million.
Vertical Research upgraded its Air Products & Chemicals Inc. [APD] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. Evercore ISI also remained covering APD and has increased its forecast on October 07, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Deutsche Bank revised its rating on July 22, 2024. It rated APD as “a Hold” which previously was an “a Buy”.
Price Performance Review of APD
On Tuesday, Air Products & Chemicals Inc. [NYSE:APD] saw its stock jump 0.90% to $323.23. Over the last five days, the stock has gained 4.15%. Air Products & Chemicals Inc. shares have risen nearly 18.05% since the year began. Nevertheless, the stocks have risen 13.23% over the past one year. While a 52-week high of $323.86 was reached on 10/15/24, a 52-week low of $212.24 was recorded on 02/06/24. SMA at 50 days reached $286.49, while 200 days put it at $260.33.
Levels Of Support And Resistance For APD Stock
The 24-hour chart illustrates a support level at 320.70, which if violated will result in even more drops to 318.18. On the upside, there is a resistance level at 325.14. A further resistance level may holdings at 327.05. The Relative Strength Index (RSI) on the 14-day chart is 75.71, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.18%. Stochastics %K at 89.97% indicates the stock is a selling.
How much short interest is there in Air Products & Chemicals Inc.?
A steep rise in short interest was recorded in Air Products & Chemicals Inc. stocks on 2024-09-30, growing by 1.31 million shares to a total of 4.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.29 million shares. There was a rise of 28.42%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $279 price target.
