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Recent Insider Activity Suggests Potential Gains for AMGEN Inc (AMGN)

AMGEN Inc’s recently made public that its Officer Gordon Murdo acquired Company’s shares for reported $2.59 million on Feb 11 ’25. In the deal valued at $295.30 per share,8,771 shares were bought.

Then, Graham Jonathan P sold 25,045 shares, generating $7,341,123 in total proceeds. Upon selling the shares at $293.12, the EVP & Gen. Counsel & Secy. now owns 28,987 shares.

Before that, Graham Jonathan P bought 25,045 shares. AMGEN Inc shares valued at $7,336,682 were divested by the Officer at a price of $292.94 per share.

A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid November with a ‘”a Peer perform”‘ rating. Citigroup began covering AMGN with “Neutral” recommendation on November 14, 2024. Bernstein started covering the stock on October 17, 2024. It rated AMGN as “an Outperform”.

Price Performance Review of AMGN

On Tuesday, AMGEN Inc [NASDAQ:AMGN] saw its stock jump 0.63% to $296.66. Over the last five days, the stock has gained 2.64%. AMGEN Inc shares have risen nearly 13.82% since the year began. Nevertheless, the stocks have risen 0.61% over the past one year. While a 52-week high of $346.85 was reached on 02/06/25, a 52-week low of $253.30 was recorded on 01/06/25. SMA at 50 days reached $274.12, while 200 days put it at $305.35.

Levels Of Support And Resistance For AMGN Stock

The 24-hour chart illustrates a support level at 290.70, which if violated will result in even more drops to 284.74. On the upside, there is a resistance level at 300.28. A further resistance level may holdings at 303.91. The Relative Strength Index (RSI) on the 14-day chart is 63.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.52%. Stochastics %K at 61.84% indicates the stock is a holding.

How much short interest is there in AMGEN Inc?

A steep rise in short interest was recorded in AMGEN Inc stocks on 2025-01-15, dropping by -0.1 million shares to a total of 11.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 11.53 million shares. There was a decline of -0.9%, which implies that there is a negative sentiment for the stock.

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