Amcor Plc’s filing revealed that its Director Agarwal Achal acquired Company’s shares for reported $0.2 million on Feb 18 ’25. In the deal valued at $10.10 per share,20,000 shares were bought. As a result of this transaction, Agarwal Achal now holds 58,967 shares worth roughly $0.6 million.
Then, Agarwal Achal bought 20,000 shares, generating $201,893 in total proceeds. Upon buying the shares at $10.09, the Director now owns 78,967 shares.
Before that, NAYAR ARUN bought 59,000 shares. Amcor Plc shares valued at $587,050 were divested by the Director at a price of $9.95 per share. As a result of the transaction, NAYAR ARUN now holds 135,191 shares, worth roughly $1.39 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 -1.35% to $10.25. Over the last five days, the stock has gained 1.49%. Amcor Plc shares have risen nearly 8.93% since the year began. Nevertheless, the stocks have risen 12.39% over the past one year. While a 52-week high of $11.48 was reached on 02/21/25, a 52-week low of $8.80 was recorded on 01/03/25. SMA at 50 days reached $9.77, while 200 days put it at $10.32.
Levels Of Support And Resistance For AMCR Stock
The 24-hour chart illustrates a support level at 10.18, which if violated will result in even more drops to 10.10. On the upside, there is a resistance level at 10.38. A further resistance level may holdings at 10.50. The Relative Strength Index (RSI) on the 14-day chart is 61.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.47%. Stochastics %K at 88.14% indicates the stock is a selling.
