Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amcor Plc shares valued at $64,756 were sold by Bertone Andrea E. on Dec 03 ’24. At $10.55 per share, Bertone Andrea E. sold 6,138 shares. The insider’s holdings dropped to 43,814 shares worth approximately $0.43 million following the completion of this transaction.
Also, Long Nicholas T. sold 7,230 shares, netting a total of over 76,276 in proceeds. Following the sale of shares at $10.55 each, the insider now holds 52,911 shares.
Before that, Long Nicholas T. had added 7,230 shares to its account. In a trade valued at $76,280, the Director bought Amcor Plc shares for $10.55 each.
As published in a research note from Truist on January 06, 2025, Amcor Plc [AMCR] has been rated up from a Hold to a Buy and the price target has been revised to $12 from $10. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 11, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for AMCR. Earlier on November 27, 2024, Macquarie upgraded its rating. Their new recommendation was “an Outperform” for AMCR stock which previously was a “a Neutral”.
Analyzing AMCR Stock Performance
During the last five days, there has been a surge of approximately 2.10%. Over the course of the year, Amcor Plc shares have jumped approximately 3.29%. Shares of the company reached a 52-week high of $9.82 on 01/21/25 and a 52-week low of $9.28 on 01/03/25. A 50-day SMA is recorded $9.91, while a 200-day SMA reached $10.23. Nevertheless, trading volume fell to 13.7 million shares from 19.95 million shares the previous day.
Support And Resistance Levels for Amcor Plc (AMCR)
According to the 24-hour chart, there is a support level at 9.67, which, if violated, would cause prices to drop to 9.62. In the upper region, resistance lies at 9.77. The next price resistance is at 9.82. RSI (Relative Strength Index) is 51.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 18.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
