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Investing in Amphenol Corp (APH) Is Getting More Attractive

Amphenol Corp’s filing revealed that its Senior VP, Human Resources Silverman David M unloaded Company’s shares for reported $12.39 million on Oct 29 ’24. In the deal valued at $68.84 per share,180,000 shares were sold. As a result of this transaction, Silverman David M now holds 14,000 shares worth roughly $0.95 million.

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Then, D’AMICO LANCE E sold 75,000 shares, generating $5,159,738 in total proceeds. Upon selling the shares at $68.80, the Sr. VP, Secretary & GenCounsel now owns 76,400 shares.

Before that, Lampo Craig A sold 150,000 shares. Amphenol Corp shares valued at $10,314,060 were divested by the SR VP & CFO at a price of $68.76 per share. As a result of the transaction, Lampo Craig A now holds 218,116 shares, worth roughly $14.8 million.

BofA Securities downgraded its Amphenol Corp [APH] rating to a Neutral from a a Buy in a research note published on September 04, 2024; the price target was decreased to $71 from $80. A number of analysts have revised their coverage, including Vertical Research’s analysts, who began to cover the stock in late July with a ‘”a Hold”‘ rating. Seaport Research Partners began covering APH with “Buy” recommendation on May 20, 2024. Jefferies started covering the stock on April 09, 2024. It rated APH as “a Hold”.

Price Performance Review of APH

On Friday, Amphenol Corp [NYSE:APH] saw its stock jump 1.25% to $67.86. Over the last five days, the stock has lost -2.23%. Amphenol Corp shares have risen nearly 36.91% since the year began. Nevertheless, the stocks have risen 66.26% over the past one year. While a 52-week high of $71.20 was reached on 10/23/24, a 52-week low of $40.19 was recorded on 01/04/24. SMA at 50 days reached $65.22, while 200 days put it at $61.67.

Levels Of Support And Resistance For APH Stock

The 24-hour chart illustrates a support level at 67.18, which if violated will result in even more drops to 66.51. On the upside, there is a resistance level at 68.46. A further resistance level may holdings at 69.07. The Relative Strength Index (RSI) on the 14-day chart is 55.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.48%. Stochastics %K at 44.64% indicates the stock is a holding.

How much short interest is there in Amphenol Corp?

A steep rise in short interest was recorded in Amphenol Corp stocks on 2024-10-15, growing by 2.66 million shares to a total of 12.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.09 million shares. There was a rise of 20.85%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 05, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $117 price target.

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