Analog Devices Inc’s filing revealed that its EVP & Pres. Global Bus. Units Bryant Gregory M unloaded Company’s shares for reported $4.48 million on Nov 01 ’24. In the deal valued at $223.87 per share,20,000 shares were sold. As a result of this transaction, Bryant Gregory M now holds 59,093 shares worth roughly $13.25 million.
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Then, ROCHE VINCENT bought 10,000 shares, generating $2,238,700 in total proceeds.
Before that, Bryant Gregory M bought 20,000 shares. Analog Devices Inc shares valued at $4,477,400 were divested by the Officer at a price of $223.87 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 -0.57% to $224.19. Over the last five days, the stock has lost -2.59%. Analog Devices Inc shares have risen nearly 12.91% since the year began. Nevertheless, the stocks have risen 36.42% over the past one year. While a 52-week high of $244.14 was reached on 07/17/24, a 52-week low of $161.64 was recorded on 01/04/24. SMA at 50 days reached $226.97, while 200 days put it at $214.21.
Levels Of Support And Resistance For ADI Stock
The 24-hour chart illustrates a support level at 222.83, which if violated will result in even more drops to 221.46. On the upside, there is a resistance level at 226.17. A further resistance level may holdings at 228.14. The Relative Strength Index (RSI) on the 14-day chart is 45.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.64%. Stochastics %K at 21.88% 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.
