Applied Materials Inc’s filing revealed that its Director Iannotti Thomas J unloaded Company’s shares for reported $2.33 million on Jun 21 ’24. In the deal valued at $236.65 per share,9,827 shares were sold. As a result of this transaction, Iannotti Thomas J now holds 49,185 shares worth roughly $8.31 million.
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Then, Raja Prabu G. sold 50,000 shares, generating $12,458,500 in total proceeds. Upon selling the shares at $249.17, the President, Semi. Products Grp. now owns 458,417 shares.
Before that, DICKERSON GARY E sold 400,000 shares. Applied Materials Inc shares valued at $98,579,111 were divested by the President and CEO at a price of $246.45 per share. As a result of the transaction, DICKERSON GARY E now holds 1,542,269 shares, worth roughly $260.46 million.
TD Cowen reiterated its Applied Materials Inc [AMAT] rating to a Buy in a research note published on November 15, 2024; the price target was $230. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early June from “an Underweight” to “an Equal weight”. TD Cowen also remained covering AMAT and reiterated its “Buy” recommendation on May 17, 2024. Jefferies revised its rating on May 13, 2024. It rated AMAT as “a Hold” which previously was an “a Buy”.
Price Performance Review of AMAT
On Friday, Applied Materials Inc [NASDAQ:AMAT] saw its stock fall -9.20% to $168.88. Over the last five days, the stock has lost -12.06%. Applied Materials Inc shares have risen nearly 4.20% since the year began. Nevertheless, the stocks have risen 8.70% over the past one year. While a 52-week high of $255.89 was reached on 07/10/24, a 52-week low of $141.94 was recorded on 01/05/24. SMA at 50 days reached $190.88, while 200 days put it at $204.04.
Levels Of Support And Resistance For AMAT Stock
The 24-hour chart illustrates a support level at 166.12, which if violated will result in even more drops to 163.35. On the upside, there is a resistance level at 172.86. A further resistance level may holdings at 176.83. The Relative Strength Index (RSI) on the 14-day chart is 33.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.26%. Stochastics %K at 24.57% indicates the stock is a holding.
How much short interest is there in Applied Materials Inc?
A steep rise in short interest was recorded in Applied Materials Inc stocks on 2024-10-31, growing by 0.45 million shares to a total of 16.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.26 million shares. There was a rise of 2.69%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 16, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $260 price target.
