Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amcor Plc shares valued at $64,756 were sold by Bertone Andrea E. on Dec 03 ’24. At $10.55 per share, Bertone Andrea E. sold 6,138 shares. The insider’s holdings dropped to 43,814 shares worth approximately $0.46 million following the completion of this transaction.
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Also, Long Nicholas T. sold 7,230 shares, netting a total of over 76,276 in proceeds. Following the sale of shares at $10.55 each, the insider now holds 52,911 shares.
Before that, Long Nicholas T. had added 7,230 shares to its account. In a trade valued at $76,280, the Director bought Amcor Plc shares for $10.55 each.
As published in a research note from Macquarie on November 27, 2024, Amcor Plc [AMCR] has been rated up from a Neutral to an Outperform. Analysts at Stifel started covering the stock with ‘”a Hold”‘ outlook in a report released in early July. As of June 28, 2024, Wells Fargo has initiated its “an Equal weight” rating for AMCR. Earlier on July 10, 2023, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for AMCR stock which previously was a “a Buy”.
Analyzing AMCR Stock Performance
During the last five days, there has been a surge of approximately 0.77%. Over the course of the year, Amcor Plc shares have jumped approximately 8.61%. Shares of the company reached a 52-week high of $11.48 on 09/27/24 and a 52-week low of $8.78 on 02/13/24. A 50-day SMA is recorded $10.78, while a 200-day SMA reached $10.17. Nevertheless, trading volume fell to 17.49 million shares from 20.36 million shares the previous day.
Support And Resistance Levels for Amcor Plc (AMCR)
According to the 24-hour chart, there is a support level at 10.36, which, if violated, would cause prices to drop to 10.26. In the upper region, resistance lies at 10.54. The next price resistance is at 10.62. RSI (Relative Strength Index) is 48.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 18.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
