Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amcor Plc shares valued at $587,050 were purchased by NAYAR ARUN on Feb 12 ’25. At $9.95 per share, NAYAR ARUN acquired 59,000 shares. The insider’s holdings grew to 135,191 shares worth approximately $1.38 million following the completion of this transaction.
Also, NAYAR ARUN purchased 41,000 shares, netting a total of over 407,950 in proceeds. Following the buying of shares at $9.95 each, the insider now holds 33,000 shares.
Before that, Konieczny Peter had added 100,000 shares to its account. In a trade valued at $1,004,780, the Chief Executive Officer bought Amcor Plc shares for $10.05 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $4.69 million.
As published in a research note from Jefferies on February 03, 2025, Amcor Plc [AMCR] has been rated up from a Hold to a Buy. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of January 06, 2025, Citigroup has increased its “Neutral” rating to a “Buy” for AMCR. Earlier on December 11, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for AMCR stock which previously was a “an Underperform”.
Analyzing AMCR Stock Performance
During the last five days, there has been a surge of approximately 1.69%. Over the course of the year, Amcor Plc shares have jumped approximately 8.40%. Shares of the company reached a 52-week high of $10.36 on 02/05/25 and a 52-week low of $9.28 on 01/03/25. A 50-day SMA is recorded $9.76, while a 200-day SMA reached $10.32. Nevertheless, trading volume fell to 17.36 million shares from 19.29 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 10.10, which, if violated, would cause prices to drop to 9.99. In the upper region, resistance lies at 10.26. The next price resistance is at 10.32. RSI (Relative Strength Index) is 62.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 17.10%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
