Ametek Inc’s recent filing unveils that its CHIEF COMMERCIAL OFFICER Speranza Emanuela unloaded Company’s shares for reported $1.32 million on Nov 26 ’24. In the deal valued at $195.90 per share,6,747 shares were sold. As a result of this transaction, Speranza Emanuela now holds 30,460 shares worth roughly $5.96 million.
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Then, ZAPICO DAVID A sold 98,644 shares, generating $19,430,968 in total proceeds. Upon selling the shares at $196.98, the CHIEF EXECUTIVE OFFICER now owns 323,744 shares.
Before that, ZAPICO DAVID A sold 22,720 shares. Ametek Inc shares valued at $4,459,618 were divested by the CHIEF EXECUTIVE OFFICER at a price of $196.29 per share. As a result of the transaction, ZAPICO DAVID A now holds 323,744 shares, worth roughly $63.31 million.
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 jump 0.61% to $195.56. Over the last five days, the stock has lost -0.92%. Ametek Inc shares have risen nearly 18.60% since the year began. Nevertheless, the stocks have risen 25.98% over the past one year. While a 52-week high of $198.33 was reached on 11/25/24, a 52-week low of $149.03 was recorded on 08/05/24. SMA at 50 days reached $179.06, while 200 days put it at $173.62.
Levels Of Support And Resistance For AME Stock
The 24-hour chart illustrates a support level at 194.49, which if violated will result in even more drops to 193.41. On the upside, there is a resistance level at 196.52. A further resistance level may holdings at 197.47. The Relative Strength Index (RSI) on the 14-day chart is 68.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.21%. Stochastics %K at 60.16% indicates the stock is a holding.
How much short interest is there in Ametek Inc?
A steep rise in short interest was recorded in Ametek Inc stocks on 2024-11-15, growing by 0.46 million shares to a total of 2.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.2 million shares. There was a rise of 17.21%, 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.
