The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AMGEN Inc shares valued at $2,550,903 were sold by Santos Esteban on Feb 19 ’25. At $292.84 per share, Santos Esteban sold 8,711 shares. The insider’s holdings dropped to 71,546 shares worth approximately $21.92 million following the completion of this transaction.
Also, REESE DAVID M sold 25,225 shares, netting a total of over 7,679,524 in proceeds. Following the sale of shares at $304.44 each, the insider now holds 36,922 shares.
Before that, REESE DAVID M had sold 8,711 shares from its account. In a trade valued at $2,554,224, the EVP & Chief Technology Officer traded AMGEN Inc shares for $293.22 each. Upon closing the transaction, the insider’s holdings decreased to 8,711 shares, worth approximately $19.04 million.
Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid November. As of November 14, 2024, Citigroup has initiated its “Neutral” rating for AMGN. Earlier on October 17, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for AMGN stock.
Analyzing AMGN Stock Performance
During the last five days, there has been a surge of approximately 4.12%. Over the course of the year, AMGEN Inc shares have jumped approximately 17.55%. Shares of the company reached a 52-week high of $318.30 on 02/25/25 and a 52-week low of $257.05 on 01/06/25. A 50-day SMA is recorded $278.75, while a 200-day SMA reached $306.05. Nevertheless, trading volume fell to 2.79 million shares from 4.37 million shares the previous day.
Support And Resistance Levels for AMGEN Inc (AMGN)
According to the 24-hour chart, there is a support level at 303.41, which, if violated, would cause prices to drop to 300.44. In the upper region, resistance lies at 311.49. The next price resistance is at 316.60. RSI (Relative Strength Index) is 62.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.60, which suggests the price will increase in the coming days. Percent R is at 39.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
