Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ametek Inc shares valued at $3,816,625 were sold by Hardin John Wesley on Nov 13 ’24. At $196.23 per share, Hardin John Wesley sold 19,450 shares. The insider’s holdings dropped to 69,402 shares worth approximately $13.59 million following the completion of this transaction.
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Also, Hardin John Wesley purchased 19,450 shares, netting a total of over 3,816,626 in proceeds.
Before that, Hermance David F. had sold 6,243 shares from its account. In a trade valued at $1,192,329, the PRESIDENT – ELECTROMECHANICAL traded Ametek Inc shares for $190.99 each. Upon closing the transaction, the insider’s holdings decreased to 6,243 shares, worth approximately $7.19 million.
As published in a research note from TD Cowen on October 07, 2024, Ametek Inc [AME] has been rated down from a Hold to a Sell. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in late May. As of March 14, 2024, Truist has initiated its “Buy” rating for AME. Earlier on November 27, 2023, TD Cowen downgraded its rating. Their new recommendation was “a Market perform” for AME stock which previously was a “an Outperform”.
Analyzing AME Stock Performance
During the last five days, there has been a surge of approximately 1.04%. Over the course of the year, Ametek Inc shares have jumped approximately 18.72%. Shares of the company reached a 52-week high of $196.70 on 11/13/24 and a 52-week low of $149.03 on 08/05/24. A 50-day SMA is recorded $175.87, while a 200-day SMA reached $172.83. Nevertheless, trading volume fell to 1.13 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for Ametek Inc (AME)
According to the 24-hour chart, there is a support level at 193.86, which, if violated, would cause prices to drop to 191.95. In the upper region, resistance lies at 196.82. The next price resistance is at 197.87. RSI (Relative Strength Index) is 75.09 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.06, which suggests the price will increase in the coming days. Percent R is at 5.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
