In a filing, Analog Devices Inc. revealed its Chair & CEO ROCHE VINCENT unloaded Company’s shares for reported $2.29 million on Oct 01 ’24. In the deal valued at $228.93 per share,10,000 shares were sold. As a result of this transaction, ROCHE VINCENT now holds 45,326 shares worth roughly $10.43 million.
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Then, Bryant Gregory M sold 30,000 shares, generating $6,867,900 in total proceeds. Upon selling the shares at $228.93, the EVP & Pres. Global Bus. Units now owns 79,093 shares.
Before that, Bryant Gregory M bought 30,000 shares. Analog Devices Inc. shares valued at $6,867,900 were divested by the Officer at a price of $228.93 per share.
Truist downgraded its Analog Devices Inc. [ADI] rating to a Hold from a a Buy in a research note published on September 23, 2024; the price target was decreased to $233 from $266. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late May has reiterated a ‘”a Buy”‘ rating for it. Jefferies began covering ADI with “Buy” recommendation on May 13, 2024. Evercore ISI started covering the stock on April 16, 2024. It rated ADI as “an Outperform”.
Price Performance Review of ADI
On Monday, Analog Devices Inc. [NASDAQ:ADI] saw its stock fall -0.01% to $230.14. Over the last five days, the stock has gained 1.98%. Analog Devices Inc. shares have risen nearly 15.90% since the year began. Nevertheless, the stocks have risen 43.07% over the past one year. While a 52-week high of $244.14 was reached on 07/17/24, a 52-week low of $154.99 was recorded on 01/04/24. SMA at 50 days reached $226.76, while 200 days put it at $213.26.
Levels Of Support And Resistance For ADI Stock
The 24-hour chart illustrates a support level at 228.51, which if violated will result in even more drops to 226.88. On the upside, there is a resistance level at 231.86. A further resistance level may holdings at 233.58. The Relative Strength Index (RSI) on the 14-day chart is 53.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.13%. Stochastics %K at 51.89% indicates the stock is a holding.
How much short interest is there in Analog Devices Inc.?
A steep rise in short interest was recorded in Analog Devices Inc. stocks on 2024-10-15, growing by 1.16 million shares to a total of 9.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.28 million shares. There was a rise of 12.27%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 23, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”a Neutral”‘ rating along with a $205 price target.
