In a filing, Amphastar Pharmaceuticals Inc revealed its SENIOR EVP, PRODUCTION CENTER Zhou Rong unloaded Company’s shares for reported $0.36 million on Dec 13 ’24. In the deal valued at $45.23 per share,8,000 shares were sold. As a result of this transaction, Zhou Rong now holds 118,469 shares worth roughly $4.2 million.
Then, Zhou Rong sold 7,000 shares, generating $310,975 in total proceeds. Upon selling the shares at $44.42, the SENIOR EVP, PRODUCTION CENTER now owns 118,469 shares.
Before that, PRINS RICHARD K sold 10,000 shares. Amphastar Pharmaceuticals Inc shares valued at $437,702 were divested by the Director at a price of $43.77 per share. As a result of the transaction, PRINS RICHARD K now holds 30,471 shares, worth roughly $1.08 million.
Wells Fargo initiated its Amphastar Pharmaceuticals Inc [AMPH] rating to an Equal weight in a research note published on November 22, 2024; the price target was $55. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. BofA Securities began covering AMPH with “Neutral” recommendation on November 17, 2023.
Price Performance Review of AMPH
On Monday, Amphastar Pharmaceuticals Inc [NASDAQ:AMPH] saw its stock fall -2.40% to $35.43. Over the last five days, the stock has lost -6.27%. Amphastar Pharmaceuticals Inc shares have fallen nearly -4.58% since the year began. Nevertheless, the stocks have fallen -44.16% over the past one year. While a 52-week high of $65.92 was reached on 01/02/25, a 52-week low of $35.68 was recorded on 01/06/25. SMA at 50 days reached $44.25, while 200 days put it at $43.58.
Levels Of Support And Resistance For AMPH Stock
The 24-hour chart illustrates a support level at 34.72, which if violated will result in even more drops to 34.00. On the upside, there is a resistance level at 36.30. A further resistance level may holdings at 37.16. The Relative Strength Index (RSI) on the 14-day chart is 18.66, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.65%. Stochastics %K at 5.61% indicates the stock is a buying.
How much short interest is there in Amphastar Pharmaceuticals Inc?
A steep rise in short interest was recorded in Amphastar Pharmaceuticals Inc stocks on 2024-12-13, growing by 0.13 million shares to a total of 4.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.24 million shares. There was a rise of 2.99%, which implies that there is a positive sentiment for the stock.
