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 $0.41 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 BofA Securities on December 11, 2024, Amcor Plc [AMCR] has been rated up from an Underperform to a Buy and the price target has been revised to $12.50. Analysts at Macquarie upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in late November. As of July 09, 2024, Stifel has initiated its “Hold” rating for AMCR. Earlier on June 28, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for AMCR stock.
Analyzing AMCR Stock Performance
During the last five days, there has been a drop of approximately -5.79%. Over the course of the year, Amcor Plc shares have dropped approximately -2.07%. 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 $10.52, while a 200-day SMA reached $10.22. Nevertheless, trading volume fell to 17.74 million shares from 24.39 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 9.32, which, if violated, would cause prices to drop to 9.21. In the upper region, resistance lies at 9.65. The next price resistance is at 9.87. RSI (Relative Strength Index) is 22.99 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 98.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
