Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amcor Plc shares valued at $90,960 were sold by SORRELLS JULIE MARIE on Sep 03 ’24. At $11.37 per share, SORRELLS JULIE MARIE sold 8,000 shares. The insider’s holdings dropped to 38,533 shares worth approximately $0.43 million following the completion of this transaction.
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Also, Guerra Karen Jane sold 25,000 shares, netting a total of over 225,444 in proceeds. Following the sale of shares at $9.02 each, the insider now holds 75,424 shares.
Before that, Roegner Eric V had added 1,560 shares to its account. In a trade valued at $14,197, the PRESIDENT,AMCOR RIGID PKG bought Amcor Plc shares for $9.10 each. Upon closing the transaction, the insider’s holdings increased to 1,560 shares, worth approximately $5850.0.
As published in their initiating research note from Stifel on July 09, 2024, Amcor Plc [AMCR] has been a Hold and the price target has been revised to $10.80. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late June. As of July 10, 2023, BofA Securities has decreased its “Buy” rating to a “an Underperform” for AMCR. Earlier on May 03, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for AMCR stock which previously was a “a Neutral”.
Analyzing AMCR Stock Performance
During the last five days, there has been a surge of approximately 1.35%. Over the course of the year, Amcor Plc shares have jumped approximately 16.70%. Shares of the company reached a 52-week high of $11.48 on 09/27/24 and a 52-week low of $8.78 on 02/13/24. A 50-day SMA is recorded $11.06, while a 200-day SMA reached $9.99. Nevertheless, trading volume fell to 5.72 million shares from 3.87 million shares the previous day.
Support And Resistance Levels for Amcor Plc (AMCR)
According to the 24-hour chart, there is a support level at 11.20, which, if violated, would cause prices to drop to 11.15. In the upper region, resistance lies at 11.32. The next price resistance is at 11.39. RSI (Relative Strength Index) is 54.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 43.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
