Amcor Plc’s recently made public that its V.P. & CORPORATE CONTROLLER SORRELLS JULIE MARIE unloaded Company’s shares for reported $90960.0 on Sep 03 ’24. In the deal valued at $11.37 per share,8,000 shares were sold. As a result of this transaction, SORRELLS JULIE MARIE now holds 38,533 shares worth roughly $0.39 million.
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Then, Guerra Karen Jane sold 25,000 shares, generating $225,444 in total proceeds. Upon selling the shares at $9.02, the Director now owns 75,424 shares.
Before that, Roegner Eric V bought 1,560 shares. Amcor Plc shares valued at $14,197 were divested by the PRESIDENT,AMCOR RIGID PKG at a price of $9.10 per share. As a result of the transaction, Roegner Eric V now holds 520 shares, worth roughly $5298.8.
Stifel initiated its Amcor Plc [AMCR] rating to a Hold in a research note published on July 09, 2024; the price target was $10.80. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late June with a ‘”an Equal weight”‘ rating. BofA Securities also remained covering AMCR and has decreased its forecast on July 10, 2023 with a “an Underperform” recommendation from previously “Buy” rating. JP Morgan revised its rating on May 03, 2023. It rated AMCR as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of AMCR
On Tuesday, Amcor Plc [NYSE:AMCR] saw its stock fall -1.16% to $10.19. Over the last five days, the stock has lost -0.68%. Amcor Plc shares have risen nearly 5.71% since the year began. Nevertheless, the stocks have risen 12.35% over the past one year. While a 52-week high of $11.48 was reached on 09/27/24, a 52-week low of $8.78 was recorded on 02/13/24. SMA at 50 days reached $10.98, while 200 days put it at $10.09.
Levels Of Support And Resistance For AMCR Stock
The 24-hour chart illustrates a support level at 10.13, which if violated will result in even more drops to 10.06. On the upside, there is a resistance level at 10.29. A further resistance level may holdings at 10.38. The Relative Strength Index (RSI) on the 14-day chart is 31.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.59%. Stochastics %K at 9.91% indicates the stock is a buying.
How much short interest is there in Amcor Plc?
A steep rise in short interest was recorded in Amcor Plc stocks on 2024-10-31, dropping by -0.12 million shares to a total of 20.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 21.02 million shares. There was a decline of -0.57%, which implies that there is a negative sentiment for the stock.
