Applied Materials Inc’s recently made public that its Director Iannotti Thomas J unloaded Company’s shares for reported $2.33 million on Jun 21 ’24. In the deal valued at $236.65 per share,9,827 shares were sold. As a result of this transaction, Iannotti Thomas J now holds 49,185 shares worth roughly $8.59 million.
Then, Raja Prabu G. sold 50,000 shares, generating $12,458,500 in total proceeds. Upon selling the shares at $249.17, the President, Semi. Products Grp. now owns 458,417 shares.
Before that, DICKERSON GARY E sold 400,000 shares. Applied Materials Inc shares valued at $98,579,111 were divested by the President and CEO at a price of $246.45 per share. As a result of the transaction, DICKERSON GARY E now holds 1,542,269 shares, worth roughly $269.23 million.
KeyBanc Capital Markets upgraded its Applied Materials Inc [AMAT] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Cleveland Research’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering AMAT and has decreased its forecast on December 05, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. TD Cowen maintained its rating on November 15, 2024. It rated AMAT as “a Buy”.
Price Performance Review of AMAT
On Monday, Applied Materials Inc [NASDAQ:AMAT] saw its stock fall -6.52% to $174.57. Over the last five days, the stock has lost -9.10%. Applied Materials Inc shares have risen nearly 7.34% since the year began. Nevertheless, the stocks have risen 0.25% over the past one year. While a 52-week high of $255.89 was reached on 01/22/25, a 52-week low of $158.96 was recorded on 01/02/25. SMA at 50 days reached $174.56, while 200 days put it at $198.39.
Levels Of Support And Resistance For AMAT Stock
The 24-hour chart illustrates a support level at 170.14, which if violated will result in even more drops to 165.71. On the upside, there is a resistance level at 179.28. A further resistance level may holdings at 183.99. The Relative Strength Index (RSI) on the 14-day chart is 46.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 79.16%. Stochastics %K at 52.05% indicates the stock is a holding.
How much short interest is there in Applied Materials Inc?
A steep rise in short interest was recorded in Applied Materials Inc stocks on 2024-10-31, growing by 0.45 million shares to a total of 16.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.26 million shares. There was a rise of 2.69%, which implies that there is a positive sentiment for the stock.
