In a filing, Ametek Inc revealed its PRES. – ELECTRONIC INSTRUMENTS Hardin John Wesley unloaded Company’s shares for reported $3.82 million on Nov 13 ’24. In the deal valued at $196.23 per share,19,450 shares were sold. As a result of this transaction, Hardin John Wesley now holds 69,402 shares worth roughly $13.41 million.
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Then, Hardin John Wesley bought 19,450 shares, generating $3,816,626 in total proceeds.
Before that, Hermance David F. sold 6,243 shares. Ametek Inc shares valued at $1,192,329 were divested by the PRESIDENT – ELECTROMECHANICAL at a price of $190.99 per share. As a result of the transaction, Hermance David F. now holds 36,731 shares, worth roughly $7.1 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 Monday, Ametek Inc [NYSE:AME] saw its stock jump 0.07% to $193.24. Over the last five days, the stock has gained 0.87%. Ametek Inc shares have risen nearly 17.19% since the year began. Nevertheless, the stocks have risen 25.50% over the past one year. While a 52-week high of $196.70 was reached on 11/13/24, a 52-week low of $149.03 was recorded on 08/05/24. SMA at 50 days reached $174.16, while 200 days put it at $172.42.
Levels Of Support And Resistance For AME Stock
The 24-hour chart illustrates a support level at 192.47, which if violated will result in even more drops to 191.69. On the upside, there is a resistance level at 193.67. A further resistance level may holdings at 194.09. The Relative Strength Index (RSI) on the 14-day chart is 72.51, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.51%. Stochastics %K at 89.11% 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 2024-10-31, growing by 0.39 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.18 million shares. There was a rise of 15.26%, which implies that there is a positive 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.
