The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Analog Devices Inc shares valued at $2,158,300 were sold by ROCHE VINCENT on Dec 11 ’24. At $215.83 per share, ROCHE VINCENT sold 10,000 shares. The insider’s holdings dropped to 21,983 shares worth approximately $4.67 million following the completion of this transaction.
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Also, Bryant Gregory M purchased 9,825 shares, netting a total of over 2,126,136 in proceeds.
Before that, ROCHE VINCENT had added 10,000 shares to its account. In a trade valued at $2,158,300, the Officer bought Analog Devices Inc shares for $215.83 each.
As published in a research note from TD Cowen on November 27, 2024, Analog Devices Inc [ADI] has been retained to a Buy and the price target has been revised to $260. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late November. As of September 23, 2024, Truist has decreased its “Buy” rating to a “Hold” for ADI. Earlier on May 23, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for ADI stock.
Analyzing ADI Stock Performance
During the last five days, there has been a drop of approximately -1.13%. Over the course of the year, Analog Devices Inc shares have jumped approximately 7.00%. Shares of the company reached a 52-week high of $244.14 on 07/17/24 and a 52-week low of $181.80 on 01/04/24. A 50-day SMA is recorded $218.88, while a 200-day SMA reached $218.73. Nevertheless, trading volume fell to 1.59 million shares from 1.93 million shares the previous day.
Support And Resistance Levels for Analog Devices Inc (ADI)
According to the 24-hour chart, there is a support level at 210.84, which, if violated, would cause prices to drop to 209.21. In the upper region, resistance lies at 214.32. The next price resistance is at 216.17. RSI (Relative Strength Index) is 44.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 49.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
