In a filing, Amcor Plc revealed its Director Foufopoulos – De Ridder Lucrec acquired Company’s shares for reported $0.14 million on Mar 03 ’25. In the deal valued at $10.31 per share,14,000 shares were bought. As a result of this transaction, Foufopoulos – De Ridder Lucrec now holds 29,523 shares worth roughly $0.29 million.
Then, Agarwal Achal bought 10,000 shares, generating $101,000 in total proceeds. Upon buying the shares at $10.10, the Director now owns 88,967 shares.
Before that, Agarwal Achal bought 20,000 shares. Amcor Plc shares valued at $201,900 were divested by the Director at a price of $10.10 per share. As a result of the transaction, Agarwal Achal now holds 58,967 shares, worth roughly $0.58 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 jump 1.56% to $9.78. Over the last five days, the stock has lost -4.96%. Amcor Plc shares have risen nearly 3.93% since the year began. Nevertheless, the stocks have risen 3.06% over the past one year. While a 52-week high of $11.48 was reached on 03/10/25, a 52-week low of $8.80 was recorded on 01/03/25. SMA at 50 days reached $9.88, 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 9.69, which if violated will result in even more drops to 9.60. On the upside, there is a resistance level at 9.83. A further resistance level may holdings at 9.88. The Relative Strength Index (RSI) on the 14-day chart is 42.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.36%. Stochastics %K at 11.50% indicates the stock is a buying.
How much short interest is there in Amcor Plc?
A steep rise in short interest was recorded in Amcor Plc stocks on 2025-02-28, growing by 31.71 million shares to a total of 130.51 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 98.8 million shares. There was a rise of 24.3%, which implies that there is a positive sentiment for the stock.
