Amphastar Pharmaceuticals Inc’s filing revealed that 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 $4.56 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 $1.17 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 Tuesday, Amphastar Pharmaceuticals Inc [NASDAQ:AMPH] saw its stock jump 1.48% to $38.48. Over the last five days, the stock has gained 8.61%. Amphastar Pharmaceuticals Inc shares have risen nearly 3.64% since the year began. Nevertheless, the stocks have fallen -28.78% over the past one year. While a 52-week high of $56.88 was reached on 01/14/25, a 52-week low of $34.69 was recorded on 01/08/25. SMA at 50 days reached $42.88, while 200 days put it at $43.41.
Levels Of Support And Resistance For AMPH Stock
The 24-hour chart illustrates a support level at 37.52, which if violated will result in even more drops to 36.56. On the upside, there is a resistance level at 39.18. A further resistance level may holdings at 39.88. The Relative Strength Index (RSI) on the 14-day chart is 45.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.39%. Stochastics %K at 51.87% indicates the stock is a holding.
How much short interest is there in Amphastar Pharmaceuticals Inc?
A steep rise in short interest was recorded in Amphastar Pharmaceuticals Inc stocks on 2024-12-31, growing by 0.69 million shares to a total of 4.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.12 million shares. There was a rise of 14.35%, which implies that there is a positive sentiment for the stock.
