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A company insider recently bought 8,000 shares of Amplitech Group Inc [AMPG]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amplitech Group Inc shares valued at $5,841 were purchased by Maqbool Fawad on Aug 30 ’24. At $0.73 per share, Maqbool Fawad acquired 8,000 shares. The insider’s holdings grew to 2,663,364 shares worth approximately $2.37 million following the completion of this transaction.

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Also, Flores Jorge Luis purchased 500 shares, netting a total of over 469 in proceeds. Following the buying of shares at $0.94 each, the insider now holds 14,500 shares.

Before that, Flores Jorge Luis had added 5,500 shares to its account. In a trade valued at $5,162, the Chief Operating Officer bought Amplitech Group Inc shares for $0.94 each. Upon closing the transaction, the insider’s holdings increased to 5,500 shares, worth approximately $17800.0.

Analyzing AMPG Stock Performance

During the last five days, there has been a surge of approximately 7.65%. Over the course of the year, Amplitech Group Inc shares have dropped approximately -52.77%. Shares of the company reached a 52-week high of $2.5500 on 04/15/24 and a 52-week low of $0.6400 on 08/29/24. A 50-day SMA is recorded $0.8875, while a 200-day SMA reached $1.3432. Nevertheless, trading volume fell to 0.11 million shares from 0.7 million shares the previous day.

Support And Resistance Levels for Amplitech Group Inc (AMPG)

According to the 24-hour chart, there is a support level at 0.8614, which, if violated, would cause prices to drop to 0.8348. In the upper region, resistance lies at 0.9132. The next price resistance is at 0.9384. RSI (Relative Strength Index) is 48.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0043, which suggests the price will decrease in the coming days. Percent R is at 80.09%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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