Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amphastar Pharmaceuticals Inc shares valued at $336,930 were sold by Zhou Rong on Nov 12 ’24. At $48.88 per share, Zhou Rong sold 6,893 shares. The insider’s holdings dropped to 118,388 shares worth approximately $5.22 million following the completion of this transaction.
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Also, PRINS RICHARD K sold 5,000 shares, netting a total of over 243,986 in proceeds. Following the sale of shares at $48.80 each, the insider now holds 31,471 shares.
Before that, Rong Zhou had added 31,680 shares to its account. In a trade valued at $1,523,808, the Executive Vice President bought Amphastar Pharmaceuticals Inc shares for $48.10 each.
As published in their initiating research note from JP Morgan on March 05, 2024, Amphastar Pharmaceuticals Inc [AMPH] has been an Overweight and the price target has been revised to $60. Analysts at BofA Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid November.
Analyzing AMPH Stock Performance
During the last five days, there has been a drop of approximately -3.06%. Over the course of the year, Amphastar Pharmaceuticals Inc shares have dropped approximately -28.71%. Shares of the company reached a 52-week high of $65.92 on 01/05/24 and a 52-week low of $36.56 on 07/09/24. A 50-day SMA is recorded $48.36, while a 200-day SMA reached $44.80. Nevertheless, trading volume fell to 0.61 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Amphastar Pharmaceuticals Inc (AMPH)
According to the 24-hour chart, there is a support level at 43.27, which, if violated, would cause prices to drop to 42.46. In the upper region, resistance lies at 44.72. The next price resistance is at 45.36. RSI (Relative Strength Index) is 36.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.47, which suggests the price will decrease in the coming days. Percent R is at 90.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
