Ametek Inc’s filing revealed that its PRESIDENT – ELECTROMECHANICAL Hermance David F. unloaded Company’s shares for reported $1.19 million on Nov 08 ’24. In the deal valued at $190.99 per share,6,243 shares were sold. As a result of this transaction, Hermance David F. now holds 36,731 shares worth roughly $7.13 million.
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Then, Hermance David F. bought 6,243 shares, generating $1,192,329 in total proceeds.
Before that, Kohlhagen Steven W sold 1,460 shares. Ametek Inc shares valued at $250,526 were divested by the Director at a price of $171.59 per share. As a result of the transaction, Kohlhagen Steven W now holds 23,349 shares, worth roughly $4.53 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 Tuesday, Ametek Inc [NYSE:AME] saw its stock jump 1.27% to $194.00. Over the last five days, the stock has gained 6.58%. Ametek Inc shares have risen nearly 17.65% since the year began. Nevertheless, the stocks have risen 28.65% over the past one year. While a 52-week high of $193.04 was reached on 11/12/24, a 52-week low of $149.03 was recorded on 08/05/24. SMA at 50 days reached $171.86, while 200 days put it at $171.85.
Levels Of Support And Resistance For AME Stock
The 24-hour chart illustrates a support level at 191.70, which if violated will result in even more drops to 189.39. On the upside, there is a resistance level at 195.29. A further resistance level may holdings at 196.57. The Relative Strength Index (RSI) on the 14-day chart is 77.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.94%. Stochastics %K at 96.33% indicates the stock is a selling.
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.
