The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Amphenol Corp. shares valued at $61,971,908 were purchased by RICHARD ADAM NORWITT on Oct 29 ’24. At $68.81 per share, RICHARD ADAM NORWITT acquired 900,672 shares.
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Also, NORWITT FAMILY TRUST purchased 289,328 shares, netting a total of over 19,943,495 in proceeds.
Before that, CRAIG LAMPO had added 150,000 shares to its account. In a trade valued at $10,314,060, the Officer bought Amphenol Corp. shares for $68.76 each.
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 drop of approximately -0.16%. Over the course of the year, Amphenol Corp. shares have jumped approximately 37.92%. 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 $65.21, while a 200-day SMA reached $61.48. Nevertheless, trading volume fell to 6.06 million shares from 8.12 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 67.83, which, if violated, would cause prices to drop to 67.30. In the upper region, resistance lies at 68.88. The next price resistance is at 69.39. RSI (Relative Strength Index) is 58.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.93, which suggests the price will decrease in the coming days. Percent R is at 41.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
