Following these proceedings, RBC Capital Mkts initiated its Amentum Holdings Inc [AMTM] rating to a Sector perform in a research note published on January 10, 2025; the price target was $24. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late November with a ‘”an Outperform”‘ rating. Truist began covering AMTM with “Buy” recommendation on October 14, 2024.
Price Performance Review of AMTM
On Friday, Amentum Holdings Inc [NYSE:AMTM] saw its stock jump 4.80% to $20.97. Over the last five days, the stock has lost -2.87%. Amentum Holdings Inc shares have fallen nearly -0.29% since the year began.
Levels Of Support And Resistance For AMTM Stock
The 24-hour chart illustrates a support level at 19.96, which if violated will result in even more drops to 18.95. On the upside, there is a resistance level at 21.67. A further resistance level may holdings at 22.36. The Relative Strength Index (RSI) on the 14-day chart is 44.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.40%. Stochastics %K at 21.08% indicates the stock is a holding.
How much short interest is there in Amentum Holdings Inc?
A steep rise in short interest was recorded in Amentum Holdings Inc stocks on 2024-11-29, dropping by -0.39 million shares to a total of 2.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.66 million shares. There was a decline of -17.38%, which implies that there is a negative sentiment for the stock.
