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. Ametek Inc shares valued at $250,526 were sold by Kohlhagen Steven W on Sep 25 ’24. At $171.59 per share, Kohlhagen Steven W sold 1,460 shares. The insider’s holdings dropped to 23,349 shares worth approximately $3.94 million following the completion of this transaction.
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Also, Steven W. Kohlhagen purchased 4,900 shares, netting a total of over 830,207 in proceeds.
Before that, Kohlhagen Steven W had sold 1,440 shares from its account. In a trade valued at $250,464, the Director traded Ametek Inc shares for $173.93 each. Upon closing the transaction, the insider’s holdings decreased to 1,440 shares, worth approximately $4.19 million.
As published in a research note from TD Cowen on October 07, 2024, Ametek Inc [AME] has been rated down from a Hold to a Sell. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in late May. As of March 14, 2024, Truist has initiated its “Buy” rating for AME. Earlier on November 27, 2023, TD Cowen downgraded its rating. Their new recommendation was “a Market perform” for AME stock which previously was a “an Outperform”.
Analyzing AME Stock Performance
During the last five days, there has been a surge of approximately 1.34%. Over the course of the year, Ametek Inc shares have jumped approximately 2.44%. Shares of the company reached a 52-week high of $186.32 on 03/21/24 and a 52-week low of $149.03 on 08/05/24. A 50-day SMA is recorded $168.48, while a 200-day SMA reached $170.79. Nevertheless, trading volume fell to 1.53 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Ametek Inc (AME)
According to the 24-hour chart, there is a support level at 167.39, which, if violated, would cause prices to drop to 165.86. In the upper region, resistance lies at 169.70. The next price resistance is at 170.48. RSI (Relative Strength Index) is 51.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 54.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
