Amphastar Pharmaceuticals Inc’s recent filing unveils 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 $4.23 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 $1.09 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 Friday, Amphastar Pharmaceuticals Inc [NASDAQ:AMPH] saw its stock jump 0.11% to $35.70. Over the last five days, the stock has lost -1.82%. Amphastar Pharmaceuticals Inc shares have fallen nearly -3.85% since the year began. Nevertheless, the stocks have fallen -36.41% over the past one year. While a 52-week high of $56.88 was reached on 01/15/25, a 52-week low of $34.60 was recorded on 01/16/25. SMA at 50 days reached $41.99, while 200 days put it at $43.30.
Levels Of Support And Resistance For AMPH Stock
The 24-hour chart illustrates a support level at 35.33, which if violated will result in even more drops to 34.96. On the upside, there is a resistance level at 36.01. A further resistance level may holdings at 36.33. The Relative Strength Index (RSI) on the 14-day chart is 34.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.06%. Stochastics %K at 26.95% 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.
