Shares of AMTEK (AME) Rally 3.88%

AMTEK (AME) has been under a strong bear grip, hence the stock is down -1.94% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.35% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.88% in the last 1 week, and is up 2.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.57% and the 50-Day Moving Average is 1.71%.

AMTEK (NYSE:AME): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.30 and $47.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.62, notching a gain of 1.08% for the day. The total traded volume was 1,490,501 . The stock had closed at $47.11 on the previous day.


The company Insiders own 2% of AMTEK shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.72% . Institutional Investors own 88.78% of AMTEK shares. During last six month period, the net percent change held by insiders has seen a change of -12.4%. In a related news, Marecic Thomas C, officer (PRES. – ELECTRONIC INSTRUMENTS) of Ametek Inc/, unloaded 6,500 shares at an average price of $44.89 on July 6, 2016. The total amount of the transaction was worth $291,785, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

AMETEK, Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Companys EIG segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets. It offers process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor and factory automation industries. The Companys EMG segment offers electrical connectors and electronics packaging used in aerospace and defense, medical and industrial applications, as well as its advanced technical motor and motion control products, which are used in a range of medical devices, office and business equipment, factory automation, robotics and other applications.

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