In a filing, Amphastar Pharmaceuticals Inc revealed its SENIOR EVP, PRODUCTION CENTER Zhou Rong unloaded Company’s shares for reported $0.36 million on Dec 13 ’24. In the deal valued at $45.23 per share,8,000 shares were sold. As a result of this transaction, Zhou Rong now holds 118,469 shares worth roughly $4.84 million.
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Then, Zhou Rong sold 7,000 shares, generating $310,975 in total proceeds. Upon selling the shares at $44.42, the SENIOR EVP, PRODUCTION CENTER now owns 118,469 shares.
Before that, PRINS RICHARD K sold 10,000 shares. Amphastar Pharmaceuticals Inc shares valued at $437,702 were divested by the Director at a price of $43.77 per share. As a result of the transaction, PRINS RICHARD K now holds 30,471 shares, worth roughly $1.24 million.
Wells Fargo initiated its Amphastar Pharmaceuticals Inc [AMPH] rating to an Equal weight in a research note published on November 22, 2024; the price target was $55. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. BofA Securities began covering AMPH with “Neutral” recommendation on November 17, 2023.
Price Performance Review of AMPH
On Tuesday, Amphastar Pharmaceuticals Inc [NASDAQ:AMPH] saw its stock jump 0.02% to $40.85. Over the last five days, the stock has lost -6.39%. Amphastar Pharmaceuticals Inc shares have fallen nearly -33.95% since the year began. Nevertheless, the stocks have fallen -27.83% over the past one year. While a 52-week high of $65.92 was reached on 01/05/24, a 52-week low of $36.56 was recorded on 07/09/24. SMA at 50 days reached $46.93, while 200 days put it at $43.99.
Levels Of Support And Resistance For AMPH Stock
The 24-hour chart illustrates a support level at 40.20, which if violated will result in even more drops to 39.55. On the upside, there is a resistance level at 41.67. A further resistance level may holdings at 42.48. The Relative Strength Index (RSI) on the 14-day chart is 31.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.64%. Stochastics %K at 6.62% indicates the stock is a buying.
How much short interest is there in Amphastar Pharmaceuticals Inc?
A steep rise in short interest was recorded in Amphastar Pharmaceuticals Inc stocks on 2024-11-29, dropping by -0.22 million shares to a total of 4.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.34 million shares. There was a decline of -5.27%, which implies that there is a negative sentiment for the stock.
