Amcor Plc’s recently made public that its Director Bertone Andrea E. unloaded Company’s shares for reported $64756.0 on Dec 03 ’24. In the deal valued at $10.55 per share,6,138 shares were sold. As a result of this transaction, Bertone Andrea E. now holds 43,814 shares worth roughly $0.41 million.
Then, Long Nicholas T. sold 7,230 shares, generating $76,276 in total proceeds. Upon selling the shares at $10.55, the Director now owns 52,911 shares.
Before that, Long Nicholas T. bought 7,230 shares. Amcor Plc shares valued at $76,280 were divested by the Director at a price of $10.55 per share.
BofA Securities upgraded its Amcor Plc [AMCR] rating to a Buy from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “an Outperform”. Stifel began covering AMCR with “Hold” recommendation on July 09, 2024. Wells Fargo started covering the stock on June 28, 2024. It rated AMCR as “an Equal weight”.
Price Performance Review of AMCR
On Monday, Amcor Plc [NYSE:AMCR] saw its stock fall -1.06% to $9.34. Over the last five days, the stock has lost -0.64%. Amcor Plc shares have fallen nearly -3.11% since the year began. Nevertheless, the stocks have fallen -3.81% over the past one year. While a 52-week high of $11.48 was reached on 09/27/24, a 52-week low of $8.78 was recorded on 02/13/24. SMA at 50 days reached $10.27, while 200 days put it at $10.22.
Levels Of Support And Resistance For AMCR Stock
The 24-hour chart illustrates a support level at 9.29, which if violated will result in even more drops to 9.25. On the upside, there is a resistance level at 9.38. A further resistance level may holdings at 9.43. The Relative Strength Index (RSI) on the 14-day chart is 24.31, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.76%. Stochastics %K at 8.95% indicates the stock is a buying.
How much short interest is there in Amcor Plc?
A steep rise in short interest was recorded in Amcor Plc stocks on 2024-12-13, growing by 44.99 million shares to a total of 67.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 22.21 million shares. There was a rise of 66.95%, which implies that there is a positive sentiment for the stock.