Applied Materials Inc’s recently made public that its Corp. Controller & CAO Sanders Adam unloaded Company’s shares for reported $46808.0 on Feb 24 ’25. In the deal valued at $172.72 per share,271 shares were sold. As a result of this transaction, Sanders Adam now holds 6,479 shares worth roughly $1.07 million.
Then, Iannotti Thomas J sold 9,827 shares, generating $2,325,560 in total proceeds. Upon selling the shares at $236.65, the Director now owns 49,185 shares.
Before that, Raja Prabu G. sold 50,000 shares. Applied Materials Inc shares valued at $12,458,500 were divested by the President, Semi. Products Grp. at a price of $249.17 per share. As a result of the transaction, Raja Prabu G. now holds 458,417 shares, worth roughly $75.89 million.
KeyBanc Capital Markets upgraded its Applied Materials Inc [AMAT] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Cleveland Research’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering AMAT and has decreased its forecast on December 05, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. TD Cowen maintained its rating on November 15, 2024. It rated AMAT as “a Buy”.
Price Performance Review of AMAT
On Tuesday, Applied Materials Inc [NASDAQ:AMAT] saw its stock fall -1.80% to $165.54. Over the last five days, the stock has lost -3.76%. Applied Materials Inc shares have risen nearly 1.79% since the year began. Nevertheless, the stocks have fallen -17.12% over the past one year. While a 52-week high of $255.89 was reached on 01/22/25, a 52-week low of $158.96 was recorded on 01/02/25. SMA at 50 days reached $175.13, while 200 days put it at $195.96.
Levels Of Support And Resistance For AMAT Stock
The 24-hour chart illustrates a support level at 163.43, which if violated will result in even more drops to 161.33. On the upside, there is a resistance level at 168.66. A further resistance level may holdings at 171.79. The Relative Strength Index (RSI) on the 14-day chart is 38.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.57%. Stochastics %K at 9.35% indicates the stock is a buying.
