Analog Devices Inc’s filing revealed that its Chair & CEO ROCHE VINCENT unloaded Company’s shares for reported $2.16 million on Dec 11 ’24. In the deal valued at $215.83 per share,10,000 shares were sold. As a result of this transaction, ROCHE VINCENT now holds 21,983 shares worth roughly $4.72 million.
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Then, Bryant Gregory M bought 9,825 shares, generating $2,126,136 in total proceeds.
Before that, ROCHE VINCENT bought 10,000 shares. Analog Devices Inc shares valued at $2,158,300 were divested by the Officer at a price of $215.83 per share.
TD Cowen reiterated its Analog Devices Inc [ADI] rating to a Buy in a research note published on November 27, 2024; the price target was $260. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Equal weight”‘ rating. Truist also remained covering ADI and has decreased its forecast on September 23, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on May 23, 2024. It rated ADI as “a Buy”.
Price Performance Review of ADI
On Monday, Analog Devices Inc [NASDAQ:ADI] saw its stock jump 1.47% to $214.89. Over the last five days, the stock has lost -0.66%. Analog Devices Inc shares have risen nearly 8.22% since the year began. Nevertheless, the stocks have risen 9.48% over the past one year. While a 52-week high of $244.14 was reached on 07/17/24, a 52-week low of $181.80 was recorded on 01/04/24. SMA at 50 days reached $220.22, while 200 days put it at $218.27.
Levels Of Support And Resistance For ADI Stock
The 24-hour chart illustrates a support level at 212.43, which if violated will result in even more drops to 209.97. On the upside, there is a resistance level at 216.46. A further resistance level may holdings at 218.04. The Relative Strength Index (RSI) on the 14-day chart is 48.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.87%. Stochastics %K at 29.28% indicates the stock is a holding.
How much short interest is there in Analog Devices Inc?
A steep rise in short interest was recorded in Analog Devices Inc stocks on 2024-10-31, dropping by -2.18 million shares to a total of 7.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.62 million shares. There was a decline of -29.36%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 13, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $250 price target.
