Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amphenol Corp. shares valued at $6,563,040 were sold by D’AMICO LANCE E on Aug 15 ’24. At $65.63 per share, D’AMICO LANCE E sold 100,000 shares. The insider’s holdings dropped to 51,400 shares worth approximately $3.52 million following the completion of this transaction.
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Also, Doherty William J sold 300,000 shares, netting a total of over 19,748,580 in proceeds. Following the sale of shares at $65.83 each, the insider now holds 0 shares.
Before that, Lampo Craig A had sold 250,000 shares from its account. In a trade valued at $16,251,825, the SR VP & CFO traded Amphenol Corp. shares for $65.01 each. Upon closing the transaction, the insider’s holdings decreased to 250,000 shares, worth approximately $14.93 million.
As published in a research note from BofA Securities on September 04, 2024, Amphenol Corp. [APH] has been rated down from a Buy to a Neutral and the price target has been revised to $71 from $80. Analysts at Vertical Research started covering the stock with ‘”a Hold”‘ outlook in a report released in late July. As of May 20, 2024, Seaport Research Partners has initiated its “Buy” rating for APH. Earlier on April 09, 2024, Jefferies initiated its rating. Their recommendation was “a Hold” for APH stock.
Analyzing APH Stock Performance
During the last five days, there has been a surge of approximately 2.19%. Over the course of the year, Amphenol Corp. shares have jumped approximately 38.14%. Shares of the company reached a 52-week high of $71.20 on 10/23/24 and a 52-week low of $46.94 on 01/04/24. A 50-day SMA is recorded $64.90, while a 200-day SMA reached $60.96. Nevertheless, trading volume fell to 12.31 million shares from 7.9 million shares the previous day.
Support And Resistance Levels for Amphenol Corp. (APH)
According to the 24-hour chart, there is a support level at 66.72, which, if violated, would cause prices to drop to 64.97. In the upper region, resistance lies at 70.71. The next price resistance is at 72.95. RSI (Relative Strength Index) is 63.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.55, which suggests the price will increase in the coming days. Percent R is at 29.51%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
