Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amphenol Corp shares valued at $9,783,272 were sold by Straub Peter on Nov 08 ’24. At $74.12 per share, Straub Peter sold 132,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, PETER JOHN STRAUB purchased 132,000 shares, netting a total of over 9,783,272 in proceeds.
Before that, Silverman David M had sold 180,000 shares from its account. In a trade valued at $12,926,214, the Senior VP, Human Resources traded Amphenol Corp shares for $71.81 each. Upon closing the transaction, the insider’s holdings decreased to 180,000 shares, worth approximately $1.02 million.
As published in a research note from BofA Securities on September 04, 2024, Amphenol Corp [APH] has been rated down from a Buy to a Neutral and the price target has been revised to $71 from $80. Analysts at Vertical Research started covering the stock with ‘”a Hold”‘ outlook in a report released in late July. As of May 20, 2024, Seaport Research Partners has initiated its “Buy” rating for APH. Earlier on April 09, 2024, Jefferies initiated its rating. Their recommendation was “a Hold” for APH stock.
Analyzing APH Stock Performance
During the last five days, there has been a surge of approximately 2.61%. Over the course of the year, Amphenol Corp shares have jumped approximately 46.76%. Shares of the company reached a 52-week high of $74.93 on 11/25/24 and a 52-week low of $46.94 on 01/04/24. A 50-day SMA is recorded $68.23, while a 200-day SMA reached $63.57. Nevertheless, trading volume fell to 4.75 million shares from 4.61 million shares the previous day.
Support And Resistance Levels for Amphenol Corp (APH)
According to the 24-hour chart, there is a support level at 72.12, which, if violated, would cause prices to drop to 71.49. In the upper region, resistance lies at 73.46. The next price resistance is at 74.17. RSI (Relative Strength Index) is 58.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 37.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
