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Recent Insider Activity Could Benefit Amneal Pharmaceuticals Inc (AMRX)

Amneal Pharmaceuticals Inc’s recently made public that its SVP, Chief Legal Officer Daly Jason B. unloaded Company’s shares for reported $0.38 million on Nov 15 ’24. In the deal valued at $8.61 per share,43,657 shares were sold. As a result of this transaction, Daly Jason B. now holds 13,665 shares worth roughly $0.12 million.

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Then, Daly Jason B. bought 57,322 shares, generating $487,237 in total proceeds.

Before that, BOYER ANDREW S sold 40,225 shares. Amneal Pharmaceuticals Inc shares valued at $315,766 were divested by the Executive Vice President at a price of $7.85 per share. As a result of the transaction, BOYER ANDREW S now holds 256,670 shares, worth roughly $2.17 million.

JP Morgan upgraded its Amneal Pharmaceuticals Inc [AMRX] rating to a Neutral from a an Underweight in a research note published on Goldman also remained covering AMRX and has increased its forecast on March 08, 2021 with a “Buy” recommendation from previously “Sell” rating. Guggenheim revised its rating on December 14, 2020. It rated AMRX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AMRX

On Tuesday, Amneal Pharmaceuticals Inc [NASDAQ:AMRX] saw its stock jump 1.32% to $8.44. Over the last five days, the stock has lost -8.76%. Amneal Pharmaceuticals Inc shares have risen nearly 39.04% since the year began. Nevertheless, the stocks have risen 86.31% over the past one year. While a 52-week high of $9.48 was reached on 11/12/24, a 52-week low of $4.16 was recorded on 03/01/24. SMA at 50 days reached $8.58, while 200 days put it at $7.10.

Levels Of Support And Resistance For AMRX Stock

The 24-hour chart illustrates a support level at 8.21, which if violated will result in even more drops to 7.99. On the upside, there is a resistance level at 8.56. A further resistance level may holdings at 8.69. The Relative Strength Index (RSI) on the 14-day chart is 45.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.94%. Stochastics %K at 45.69% indicates the stock is a holding.

How much short interest is there in Amneal Pharmaceuticals Inc?

A steep rise in short interest was recorded in Amneal Pharmaceuticals Inc stocks on 2024-10-31, dropping by -1.03 million shares to a total of 3.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.53 million shares. There was a decline of -29.37%, which implies that there is a negative sentiment for the stock.

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