Taking this into account, Wells Fargo downgraded its Ardagh Metal Packaging S.A [AMBP] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid January from “an Underweight” to “an Equal-weight”. BofA Securities also remained covering AMBP and has decreased its forecast on December 11, 2024 with a “an Underperform” recommendation from previously “Buy” rating. BofA Securities revised its rating on October 17, 2024. It rated AMBP as “a Buy” which previously was an “an Underperform”.
Price Performance Review of AMBP
On Monday, Ardagh Metal Packaging S.A [NYSE:AMBP] saw its stock fall -1.11% to $2.67. Over the last five days, the stock has lost -1.84%. Ardagh Metal Packaging S.A shares have fallen nearly -11.30% since the year began. Nevertheless, the stocks have fallen -20.77% over the past one year. While a 52-week high of $4.26 was reached on 02/27/25, a 52-week low of $2.50 was recorded on 02/07/25. SMA at 50 days reached $2.81, while 200 days put it at $3.29.
Levels Of Support And Resistance For AMBP Stock
The 24-hour chart illustrates a support level at 2.64, which if violated will result in even more drops to 2.62. On the upside, there is a resistance level at 2.69. A further resistance level may holdings at 2.72. The Relative Strength Index (RSI) on the 14-day chart is 42.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.78%. Stochastics %K at 28.70% indicates the stock is a holding.
How much short interest is there in Ardagh Metal Packaging S.A?
A steep rise in short interest was recorded in Ardagh Metal Packaging S.A stocks on 2025-03-31, dropping by -0.43 million shares to a total of 4.3 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 4.73 million shares. There was a decline of -9.9%, which implies that there is a negative sentiment for the stock.
