As this happened, Deutsche Bank downgraded its Astrazeneca plc ADR [AZN] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Deutsche Bank also remained covering AZN and has increased its forecast on April 16, 2024 with a “Hold” recommendation from previously “Sell” rating. Deutsche Bank revised its rating on February 08, 2024. It rated AZN as “a Sell” which previously was an “a Hold”.
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Price Performance Review of AZN
On Tuesday, Astrazeneca plc ADR [NASDAQ:AZN] saw its stock fall -0.32% to $77.85. Over the last five days, the stock has gained 1.27%. Astrazeneca plc ADR shares have risen nearly 15.59% since the year began. Nevertheless, the stocks have risen 15.62% over the past one year. While a 52-week high of $87.68 was reached on 08/30/24, a 52-week low of $60.47 was recorded on 02/12/24. SMA at 50 days reached $81.14, while 200 days put it at $74.33.
Levels Of Support And Resistance For AZN Stock
The 24-hour chart illustrates a support level at 77.47, which if violated will result in even more drops to 77.09. On the upside, there is a resistance level at 78.18. A further resistance level may holdings at 78.51. The Relative Strength Index (RSI) on the 14-day chart is 44.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.02%. Stochastics %K at 40.50% indicates the stock is a holding.
How much short interest is there in Astrazeneca plc ADR?
A steep rise in short interest was recorded in Astrazeneca plc ADR stocks on 2024-09-30, dropping by -3.47 million shares to a total of 5.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.86 million shares. There was a decline of -64.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 23, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $85 price target.
