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Insider Sale Alert: Amcor Plc [AMCR] – Is it Time to sell?

Amcor Plc’s recently made public that its V.P. & CORPORATE CONTROLLER SORRELLS JULIE MARIE unloaded Company’s shares for reported $90960.0 on Sep 03 ’24. In the deal valued at $11.37 per share,8,000 shares were sold. As a result of this transaction, SORRELLS JULIE MARIE now holds 38,533 shares worth roughly $0.41 million.

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Then, Guerra Karen Jane sold 25,000 shares, generating $225,444 in total proceeds. Upon selling the shares at $9.02, the Director now owns 75,424 shares.

Before that, Roegner Eric V bought 1,560 shares. Amcor Plc shares valued at $14,197 were divested by the PRESIDENT,AMCOR RIGID PKG at a price of $9.10 per share. As a result of the transaction, Roegner Eric V now holds 520 shares, worth roughly $5532.8.

Macquarie upgraded its Amcor Plc [AMCR] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early July with a ‘”a Hold”‘ rating. Wells Fargo began covering AMCR with “an Equal weight” recommendation on June 28, 2024. BofA Securities revised its rating on July 10, 2023. It rated AMCR as “an Underperform” which previously was an “a Buy”.

Price Performance Review of AMCR

On Friday, Amcor Plc [NYSE:AMCR] saw its stock jump 1.33% to $10.64. Over the last five days, the stock has gained 1.62%. Amcor Plc shares have risen nearly 10.37% since the year began. Nevertheless, the stocks have risen 12.12% over the past one year. While a 52-week high of $11.48 was reached on 09/27/24, a 52-week low of $8.78 was recorded on 02/13/24. SMA at 50 days reached $10.81, while 200 days put it at $10.15.

Levels Of Support And Resistance For AMCR Stock

The 24-hour chart illustrates a support level at 10.56, which if violated will result in even more drops to 10.48. On the upside, there is a resistance level at 10.71. A further resistance level may holdings at 10.79. The Relative Strength Index (RSI) on the 14-day chart is 54.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.98%. Stochastics %K at 88.96% indicates the stock is a selling.

How much short interest is there in Amcor Plc?

A steep rise in short interest was recorded in Amcor Plc stocks on 2024-11-15, growing by 1.57 million shares to a total of 22.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 20.64 million shares. There was a rise of 7.05%, which implies that there is a positive sentiment for the stock.

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