Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Altus Power Inc shares valued at $136,215 were purchased by Felton Gregg J on Jun 07 ’24. At $3.99 per share, Felton Gregg J acquired 34,139 shares. The insider’s holdings grew to 12,044,603 shares worth approximately $38.18 million following the completion of this transaction.
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Also, Felton Gregg J purchased 25,000 shares, netting a total of over 99,750 in proceeds. Following the buying of shares at $3.99 each, the insider now holds 12,010,464 shares.
Before that, Felton Gregg J had added 8,285 shares to its account. In a trade valued at $33,389, the CO-FOUNDER, CEO & PRESIDENT bought Altus Power Inc shares for $4.03 each. Upon closing the transaction, the insider’s holdings increased to 8,285 shares, worth approximately $37.99 million.
As published in a research note from Morgan Stanley on August 21, 2024, Altus Power Inc [AMPS] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $4 from $8. Analysts at Seaport Research Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. As of May 15, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for AMPS. Earlier on April 10, 2024, Maxim Group initiated its rating. Their recommendation was “a Buy” for AMPS stock.
Analyzing AMPS Stock Performance
During the last five days, there has been a drop of approximately -11.70%. Over the course of the year, Altus Power Inc shares have dropped approximately -53.59%. Shares of the company reached a 52-week high of $7.28 on 02/15/24 and a 52-week low of $2.71 on 10/11/24. A 50-day SMA is recorded $3.28, while a 200-day SMA reached $4.27. Nevertheless, trading volume fell to 1.85 million shares from 1.44 million shares the previous day.
Support And Resistance Levels for Altus Power Inc (AMPS)
According to the 24-hour chart, there is a support level at 2.90, which, if violated, would cause prices to drop to 2.62. In the upper region, resistance lies at 3.50. The next price resistance is at 3.82. RSI (Relative Strength Index) is 44.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 74.86%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
