In a filing, Amneal Pharmaceuticals Inc revealed its Executive Vice President BOYER ANDREW S unloaded Company’s shares for reported $0.32 million on Aug 15 ’24. In the deal valued at $7.85 per share,40,225 shares were sold. As a result of this transaction, BOYER ANDREW S now holds 256,670 shares worth roughly $2.26 million.
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Then, BOYER ANDREW S sold 22,486 shares, generating $175,616 in total proceeds. Upon selling the shares at $7.81, the Executive Vice President now owns 296,895 shares.
Before that, Shah Nikita sold 100,000 shares. Amneal Pharmaceuticals Inc shares valued at $775,000 were divested by the Executive Vice President at a price of $7.75 per share. As a result of the transaction, Shah Nikita now holds 291,666 shares, worth roughly $2.57 million.
JP Morgan upgraded its Amneal Pharmaceuticals Inc [AMRX] rating to a Neutral from a an Underweight in a research note published recently. Goldman also remained covering AMRX and has increased its forecast on March 08, 2021 with a “Buy” recommendation from previously “Sell” rating. Guggenheim revised its rating on December 14, 2020. It rated AMRX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AMRX
On Tuesday, Amneal Pharmaceuticals Inc [NASDAQ:AMRX] saw its stock jump 1.73% to $8.81. Over the last five days, the stock has gained 1.73%. Amneal Pharmaceuticals Inc shares have risen nearly 45.14% since the year began. Nevertheless, the stocks have risen 129.43% over the past one year. While a 52-week high of $8.94 was reached on 10/01/24, a 52-week low of $3.36 was recorded on 03/01/24. SMA at 50 days reached $8.34, while 200 days put it at $6.73.
Levels Of Support And Resistance For AMRX Stock
The 24-hour chart illustrates a support level at 8.63, which if violated will result in even more drops to 8.45. On the upside, there is a resistance level at 8.92. A further resistance level may holdings at 9.03. The Relative Strength Index (RSI) on the 14-day chart is 59.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.98%. Stochastics %K at 72.04% indicates the stock is a holding.
How much short interest is there in Amneal Pharmaceuticals Inc?
A steep rise in short interest was recorded in Amneal Pharmaceuticals Inc stocks on 2024-09-30, growing by 0.26 million shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.27 million shares. There was a rise of 5.8%, which implies that there is a positive sentiment for the stock.
