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 $5.77 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 $61.31 million.
BofA Securities upgraded its Ametek Inc [AME] rating to a Buy from a a Neutral in a research note published on December 16, 2024; the price target was increased to $225 from $195. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early October from “a Hold” to “a Sell”. Oppenheimer also remained covering AME and has increased its forecast on May 22, 2024 with a “an Outperform” recommendation from previously “Perform” rating. Truist started covering the stock on March 14, 2024. It rated AME as “a Buy”.
Price Performance Review of AME
On Monday, Ametek Inc [NYSE:AME] saw its stock jump 1.07% to $189.38. Over the last five days, the stock has lost -0.27%. Ametek Inc shares have risen nearly 14.85% since the year began. Nevertheless, the stocks have risen 15.43% 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 $183.10, while 200 days put it at $174.28.
Levels Of Support And Resistance For AME Stock
The 24-hour chart illustrates a support level at 188.61, which if violated will result in even more drops to 187.85. On the upside, there is a resistance level at 190.60. A further resistance level may holdings at 191.83. The Relative Strength Index (RSI) on the 14-day chart is 49.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.57%. Stochastics %K at 10.24% indicates the stock is a buying.
How much short interest is there in Ametek Inc?
A steep rise in short interest was recorded in Ametek Inc stocks on 2024-11-29, dropping by -0.57 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.57 million shares. There was a decline of -28.68%, which implies that there is a negative sentiment for the stock.
