Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Applied Materials Inc shares valued at $2,325,560 were sold by Iannotti Thomas J on Jun 21 ’24. At $236.65 per share, Iannotti Thomas J sold 9,827 shares. The insider’s holdings dropped to 49,185 shares worth approximately $9.38 million following the completion of this transaction.
Also, Raja Prabu G. sold 50,000 shares, netting a total of over 12,458,500 in proceeds. Following the sale of shares at $249.17 each, the insider now holds 458,417 shares.
Before that, DICKERSON GARY E had sold 400,000 shares from its account. In a trade valued at $98,579,111, the President and CEO traded Applied Materials Inc shares for $246.45 each. Upon closing the transaction, the insider’s holdings decreased to 400,000 shares, worth approximately $294.11 million.
As published in a research note from KeyBanc Capital Markets on January 17, 2025, Applied Materials Inc [AMAT] has been rated up from a Sector weight to an Overweight and the price target has been revised to $225. Analysts at Cleveland Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of December 05, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for AMAT. Earlier on November 15, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for AMAT stock.
Analyzing AMAT Stock Performance
During the last five days, there has been a surge of approximately 6.91%. Over the course of the year, Applied Materials Inc shares have jumped approximately 17.26%. Shares of the company reached a 52-week high of $200.55 on 01/22/25 and a 52-week low of $162.83 on 01/02/25. A 50-day SMA is recorded $174.94, while a 200-day SMA reached $198.68. Nevertheless, trading volume fell to 6.3 million shares from 7.29 million shares the previous day.
Support And Resistance Levels for Applied Materials Inc (AMAT)
According to the 24-hour chart, there is a support level at 188.59, which, if violated, would cause prices to drop to 186.49. In the upper region, resistance lies at 192.00. The next price resistance is at 193.31. RSI (Relative Strength Index) is 64.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.14, which suggests the price will increase in the coming days. Percent R is at 26.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
