Amcor Plc’s filing revealed that its Director NAYAR ARUN acquired Company’s shares for reported $0.59 million on Feb 12 ’25. In the deal valued at $9.95 per share,59,000 shares were bought. As a result of this transaction, NAYAR ARUN now holds 135,191 shares worth roughly $ 1.36 million.
Then, NAYAR ARUN bought 41,000 shares, generating $407,950 in total proceeds. Upon buying the shares at $9.95, the Director now owns 33,000 shares.
Before that, Konieczny Peter bought 100,000 shares. Amcor Plc shares valued at $1,004,780 were divested by the Chief Executive Officer at a price of $10.05 per share. As a result of the transaction, Konieczny Peter now holds 459,395 shares, worth roughly $4.63 million.
Jefferies upgraded its Amcor Plc [AMCR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Citigroup also remained covering AMCR and has increased its forecast on January 06, 2025 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on December 11, 2024. It rated AMCR as “a Buy” which previously was an “an Underperform”.
Price Performance Review of AMCR
On Friday, Amcor Plc [NYSE:AMCR] saw its stock fall -0.30% to $10.07. Over the last five days, the stock has gained 0.50%. Amcor Plc shares have risen nearly 7.01% since the year began. Nevertheless, the stocks have risen 13.40% over the past one year. While a 52-week high of $11.48 was reached on 02/05/25, a 52-week low of $8.80 was recorded on 01/03/25. SMA at 50 days reached $9.78, while 200 days put it at $10.31.
Levels Of Support And Resistance For AMCR Stock
The 24-hour chart illustrates a support level at 10.01, which if violated will result in even more drops to 9.95. On the upside, there is a resistance level at 10.16. A further resistance level may holdings at 10.25. The Relative Strength Index (RSI) on the 14-day chart is 58.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.57%. Stochastics %K at 67.70% indicates the stock is a holding.
How much short interest is there in Amcor Plc?
A steep rise in short interest was recorded in Amcor Plc stocks on 2025-01-31, growing by 17.63 million shares to a total of 98.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 81.17 million shares. There was a rise of 17.84%, which implies that there is a positive sentiment for the stock.
