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AMPG (Amplitech Group Inc) may reap gains as insiders became active recently

In a filing, Amplitech Group Inc revealed its Chairman, CEO Maqbool Fawad acquired Company’s shares for reported $5841.0 on Aug 30 ’24. In the deal valued at $0.73 per share,8,000 shares were bought. As a result of this transaction, Maqbool Fawad now holds 2,663,364 shares worth roughly $3.3 million.

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Then, Flores Jorge Luis bought 500 shares, generating $469 in total proceeds. Upon buying the shares at $0.94, the Chief Operating Officer now owns 14,500 shares.

Before that, Flores Jorge Luis bought 5,500 shares. Amplitech Group Inc shares valued at $5,162 were divested by the Chief Operating Officer at a price of $0.94 per share. As a result of the transaction, Flores Jorge Luis now holds 20,000 shares, worth roughly $24800.0.

Price Performance Review of AMPG

On Friday, Amplitech Group Inc [NASDAQ:AMPG] saw its stock jump 46.05% to $1.24. Over the last five days, the stock has gained 40.85%. Amplitech Group Inc shares have fallen nearly -34.04% since the year began. Nevertheless, the stocks have fallen -19.48% over the past one year. While a 52-week high of $2.55 was reached on 04/15/24, a 52-week low of $0.64 was recorded on 08/29/24. SMA at 50 days reached $0.8826, while 200 days put it at $1.3602.

Levels Of Support And Resistance For AMPG Stock

The 24-hour chart illustrates a support level at 0.9266, which if violated will result in even more drops to 0.6132. On the upside, there is a resistance level at 1.4367. A further resistance level may holdings at 1.6334. The Relative Strength Index (RSI) on the 14-day chart is 70.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0599, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.83%. Stochastics %K at 43.01% indicates the stock is a holding.

How much short interest is there in Amplitech Group Inc?

A steep rise in short interest was recorded in Amplitech Group Inc stocks on 2024-10-31, growing by 21234.0 shares to a total of 53270.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 32036.0 shares. There was a rise of 39.86%, which implies that there is a positive sentiment for the stock.

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