Amphenol Corporation (NYSE:APH) has tumbled 2.71% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.25% in the last four weeks. The stocks have underperformed the S&P 500 by 1.54% during the past week but Amphenol Corporation (NYSE:APH) it has outperformed the index in 4 weeks by 2.31%.
Amphenol Corporation (NYSE:APH): The stock opened at $58.27 on Friday but the bulls could not build on the opening and the stock topped out at $58.27 for the day. The stock traded down to $57.54 during the day, due to lack of any buying support eventually closed down at $57.86 with a loss of -0.77% for the day. The stock had closed at $58.31 on the previous day. The total traded volume was 2,021,925 shares.
The company shares have dropped -0.12% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $60.17 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $57.33 and the 200 Day Moving Average price is recorded at $54.40.
On the companys insider trading activities,The officer (SR VP & GGM EUR MIL & AERO OPS) of Amphenol Corp /De/, Walter Luc sold 65,000 shares at $59.98 on June 9, 2016. The Insider selling transaction had a total value worth of $3,898,700. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on Amphenol Corporation (NYSE:APH). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Conviction Buy by the brokerage firm. The Analysts at Goldman Sachs raises the price target from $54 per share to $57 per share. The rating by the firm was issued on March 14, 2016. Currently the company Insiders own 2.92% of Amphenol Corporation shares according to the proxy statements. Institutional Investors own 98.52% of Amphenol Corporation shares.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment primarily designs, manufacturers and markets a range of connector and connector systems, value-add products and other products, including antennas and sensors, used in a range of applications in a diverse set of end markets. The Cable Products and Solutions segment primarily designs, manufacturers and markets cable, value-added products and components for use primarily in the broadband communications and information technology markets, as well as certain applications in other markets.