Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amplify Energy Corp shares valued at $42,197 were sold by Dulany Eric Edward on Aug 12 ’24. At $7.03 per share, Dulany Eric Edward sold 6,000 shares. The insider’s holdings dropped to 20,797 shares worth approximately $0.12 million following the completion of this transaction.
Also, Dulany Eric Edward purchased 6,000 shares, netting a total of over 42,197 in proceeds.
As published in their initiating research note from The Benchmark Company on May 02, 2024, Amplify Energy Corp [AMPY] has been a Buy and the price target has been revised to $11. Analysts at Alliance Global Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of October 28, 2022, ROTH Capital has increased its “Neutral” rating to a “Buy” for AMPY. Earlier on October 04, 2021, ROTH Capital downgraded its rating. Their new recommendation was “a Neutral” for AMPY stock which previously was a “a Buy”.
Analyzing AMPY Stock Performance
During the last five days, there has been a drop of approximately -4.36%. Over the course of the year, Amplify Energy Corp shares have dropped approximately -4.83%. Shares of the company reached a 52-week high of $6.62 on 01/13/25 and a 52-week low of $5.60 on 01/23/25. A 50-day SMA is recorded $6.28, while a 200-day SMA reached $6.64. Nevertheless, trading volume fell to 0.58 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Amplify Energy Corp (AMPY)
According to the 24-hour chart, there is a support level at 5.61, which, if violated, would cause prices to drop to 5.50. In the upper region, resistance lies at 5.81. The next price resistance is at 5.90. RSI (Relative Strength Index) is 35.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 89.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
