In a filing, AMC Networks Inc revealed its Chief Commercial Officer Kelleher Kimberly unloaded Company’s shares for reported $0.19 million on May 23 ’24. In the deal valued at $17.22 per share,10,941 shares were sold. As a result of this transaction, Kelleher Kimberly now holds 0 shares worth roughly $0.0.
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Then, O’Connell Patrick sold 6,459 shares, generating $105,387 in total proceeds. Upon selling the shares at $16.32, the EVP & Chief Financial Officer now owns 0 shares.
Before that, Sherin Michael J. III sold 4,948 shares. AMC Networks Inc shares valued at $79,692 were divested by the EVP & Chief Accounting Officer at a price of $16.11 per share. As a result of the transaction, Sherin Michael J. III now holds 0 shares, worth roughly $0.0.
Seaport Research Partners upgraded its AMC Networks Inc [AMCX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Seaport Research Partners began covering AMCX with “Buy” recommendation on October 06, 2023. Morgan Stanley revised its rating on June 06, 2023. It rated AMCX as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of AMCX
On Tuesday, AMC Networks Inc [NASDAQ:AMCX] saw its stock fall -2.97% to $8.48. Over the last five days, the stock has lost -0.47%. AMC Networks Inc shares have fallen nearly -54.87% since the year began. Nevertheless, the stocks have fallen -39.21% over the past one year. While a 52-week high of $20.97 was reached on 01/02/24, a 52-week low of $7.08 was recorded on 09/24/24. SMA at 50 days reached $8.28, while 200 days put it at $11.39.
Levels Of Support And Resistance For AMCX Stock
The 24-hour chart illustrates a support level at 8.24, which if violated will result in even more drops to 8.00. On the upside, there is a resistance level at 8.70. A further resistance level may holdings at 8.92. The Relative Strength Index (RSI) on the 14-day chart is 53.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.65%. Stochastics %K at 51.27% indicates the stock is a holding.
How much short interest is there in AMC Networks Inc?
A steep rise in short interest was recorded in AMC Networks Inc stocks on 2024-10-15, dropping by -3.42 million shares to a total of 7.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.14 million shares. There was a decline of -44.22%, which implies that there is a negative sentiment for the stock.
