Applied Materials Inc’s recent filing unveils 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 $0.99 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 $70.37 million.
Edward Jones upgraded its Applied Materials Inc [AMAT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid January from “a Sector weight” to “an Overweight”. Cleveland Research began covering AMAT with “Neutral” recommendation on December 17, 2024. Morgan Stanley revised its rating on December 05, 2024. It rated AMAT as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of AMAT
On Tuesday, Applied Materials Inc [NASDAQ:AMAT] saw its stock fall -1.25% to $153.51. Over the last five days, the stock has gained 4.44%. Applied Materials Inc shares have fallen nearly -5.61% since the year began. Nevertheless, the stocks have fallen -23.53% over the past one year. While a 52-week high of $255.89 was reached on 01/22/25, a 52-week low of $145.37 was recorded on 03/11/25. SMA at 50 days reached $171.35, while 200 days put it at $191.42.
Levels Of Support And Resistance For AMAT Stock
The 24-hour chart illustrates a support level at 151.90, which if violated will result in even more drops to 150.29. On the upside, there is a resistance level at 155.03. A further resistance level may holdings at 156.55. The Relative Strength Index (RSI) on the 14-day chart is 41.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 67.70%. Stochastics %K at 37.72% indicates the stock is a holding.
How much short interest is there in Applied Materials Inc?
A steep rise in short interest was recorded in Applied Materials Inc stocks on 2025-02-28, dropping by -0.73 million shares to a total of 19.35 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 20.08 million shares. There was a decline of -3.78%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 15, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $230.
