Potential Price Increase for AMGEN Inc (AMGN) After Recent Insider Activity

AMGEN Inc’s recent filing unveils that its SVP, Business Development Khosla Rachna unloaded Company’s shares for reported $0.43 million on Jun 05 ’25. In the deal valued at $289.68 per share,1,500 shares were sold. As a result of this transaction, Khosla Rachna now holds 8,162 shares worth roughly $2.28 million.

Then, Khosla Rachna bought 1,500 shares, generating $435,000 in total proceeds.

Before that, Busch Matthew C. sold 1,000 shares. AMGEN Inc shares valued at $279,690 were divested by the VP, Finance & CAO at a price of $279.69 per share. As a result of the transaction, Busch Matthew C. now holds 4,034 shares, worth roughly $1.13 million.

Wolfe Research started covering the stock on November 15, 2024. It rated AMGN as “a Peer perform”.

Price Performance Review of AMGN

On Monday, AMGEN Inc [NASDAQ:AMGN] saw its stock jump 0.75% to $279.21. Over the last five days, the stock has gained 2.48%. AMGEN Inc shares have fallen nearly -10.74% since the year began. Nevertheless, the stocks have risen 7.12% over the past one year. While a 52-week high of $346.85 was reached on 03/10/25, a 52-week low of $253.30 was recorded on 01/06/25.

Levels Of Support And Resistance For AMGN Stock

The 24-hour chart illustrates a support level at 277.18, which if violated will result in even more drops to 275.15. On the upside, there is a resistance level at 280.64. A further resistance level may holdings at 282.07.

How much short interest is there in AMGEN Inc?

A steep rise in short interest was recorded in AMGEN Inc stocks on 2025-06-13, dropping by -1.09 million shares to a total of 13.27 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 14.36 million shares. There was a decline of -8.21%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 14, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $335 price target.

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