In a filing, Ametek Inc revealed its Director Kohlhagen Steven W unloaded Company’s shares for reported $0.25 million on Sep 25 ’24. In the deal valued at $171.59 per share,1,460 shares were sold. As a result of this transaction, Kohlhagen Steven W now holds 23,349 shares worth roughly $4.17 million.
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Then, Steven W. Kohlhagen bought 4,900 shares, generating $830,207 in total proceeds.
Before that, Kohlhagen Steven W sold 1,440 shares. Ametek Inc shares valued at $250,464 were divested by the Director at a price of $173.93 per share. As a result of the transaction, Kohlhagen Steven W now holds 24,809 shares, worth roughly $4.43 million.
TD Cowen downgraded its Ametek Inc [AME] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in late May from “a Perform” to “an Outperform”. Truist began covering AME with “Buy” recommendation on March 14, 2024. TD Cowen revised its rating on November 27, 2023. It rated AME as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of AME
On Friday, Ametek Inc [NYSE:AME] saw its stock fall -2.68% to $178.43. Over the last five days, the stock has gained 6.87%. Ametek Inc shares have risen nearly 8.21% since the year began. Nevertheless, the stocks have risen 25.30% over the past one year. While a 52-week high of $186.32 was reached on 03/21/24, a 52-week low of $140.86 was recorded on 08/05/24. SMA at 50 days reached $169.10, while 200 days put it at $170.99.
Levels Of Support And Resistance For AME Stock
The 24-hour chart illustrates a support level at 176.43, which if violated will result in even more drops to 174.44. On the upside, there is a resistance level at 181.95. A further resistance level may holdings at 185.48. The Relative Strength Index (RSI) on the 14-day chart is 64.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.62%. Stochastics %K at 70.09% indicates the stock is a holding.
How much short interest is there in Ametek Inc?
A steep rise in short interest was recorded in Ametek Inc stocks on 2024-10-15, dropping by -0.26 million shares to a total of 2.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.46 million shares. There was a decline of -11.66%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 05, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $159 price target.
