In a filing, Applied Materials Inc revealed its Director Iannotti Thomas J unloaded Company’s shares for reported $2.33 million on Jun 21 ’24. In the deal valued at $236.65 per share,9,827 shares were sold. As a result of this transaction, Iannotti Thomas J now holds 49,185 shares worth roughly $8.75 million.
Then, Raja Prabu G. sold 50,000 shares, generating $12,458,500 in total proceeds. Upon selling the shares at $249.17, the President, Semi. Products Grp. now owns 458,417 shares.
Before that, DICKERSON GARY E sold 400,000 shares. Applied Materials Inc shares valued at $98,579,111 were divested by the President and CEO at a price of $246.45 per share. As a result of the transaction, DICKERSON GARY E now holds 1,542,269 shares, worth roughly $274.25 million.
Cleveland Research initiated its Applied Materials Inc [AMAT] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early December from “an Equal-weight” to “an Underweight”. TD Cowen also remained covering AMAT and reiterated its “Buy” recommendation on November 15, 2024. Barclays revised its rating on June 05, 2024. It rated AMAT as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of AMAT
On Tuesday, Applied Materials Inc [NASDAQ:AMAT] saw its stock jump 0.19% to $177.82. Over the last five days, the stock has gained 8.67%. Applied Materials Inc shares have risen nearly 9.34% since the year began. Nevertheless, the stocks have risen 19.34% over the past one year. While a 52-week high of $255.89 was reached on 01/07/25, a 52-week low of $148.24 was recorded on 01/02/25. SMA at 50 days reached $175.60, while 200 days put it at $199.90.
Levels Of Support And Resistance For AMAT Stock
The 24-hour chart illustrates a support level at 175.53, which if violated will result in even more drops to 173.24. On the upside, there is a resistance level at 180.97. A further resistance level may holdings at 184.13. The Relative Strength Index (RSI) on the 14-day chart is 59.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.57%. Stochastics %K at 80.22% indicates the stock is a selling.
How much short interest is there in Applied Materials Inc?
A steep rise in short interest was recorded in Applied Materials Inc stocks on 2024-10-31, growing by 0.45 million shares to a total of 16.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.26 million shares. There was a rise of 2.69%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 17, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $250.
