Ametek Inc’s filing revealed that its Officer ZAPICO DAVID A acquired Company’s shares for reported $19.43 million on Nov 25 ’24. In the deal valued at $196.98 per share,98,644 shares were bought.
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Then, CIAMPITTI TONY J sold 16,210 shares, generating $3,193,529 in total proceeds. Upon selling the shares at $197.01, the PRES. – ELECTRONIC INSTRUMENTS now owns 49,490 shares.
Before that, CIAMPITTI TONY J bought 16,210 shares. Ametek Inc shares valued at $3,193,528 were divested by the Officer at a price of $197.01 per share.
TD Cowen downgraded its Ametek Inc [AME] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in late May from “a Perform” to “an Outperform”. Truist began covering AME with “Buy” recommendation on March 14, 2024. TD Cowen revised its rating on November 27, 2023. It rated AME as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of AME
On Monday, Ametek Inc [NYSE:AME] saw its stock fall -0.13% to $197.12. Over the last five days, the stock has gained 2.01%. Ametek Inc shares have risen nearly 19.55% since the year began. Nevertheless, the stocks have risen 26.21% over the past one year. While a 52-week high of $197.83 was reached on 11/25/24, a 52-week low of $149.03 was recorded on 08/05/24. SMA at 50 days reached $177.04, while 200 days put it at $173.13.
Levels Of Support And Resistance For AME Stock
The 24-hour chart illustrates a support level at 196.14, which if violated will result in even more drops to 195.16. On the upside, there is a resistance level at 198.21. A further resistance level may holdings at 199.31. The Relative Strength Index (RSI) on the 14-day chart is 75.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.14%. Stochastics %K at 93.73% indicates the stock is a selling.
How much short interest is there in Ametek Inc?
A steep rise in short interest was recorded in Ametek Inc stocks on 2024-10-31, growing by 0.39 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.18 million shares. There was a rise of 15.26%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 05, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $159 price target.
