AMGN Insider Trading Activity Sparks Market Concerns

Insider trading activity raises red flags for AMGN investors. Recent sales by executives indicate possible lack of confidence in the company's future. Close monitoring of these transactions is recommended for stakeholders.

Date: 14-02-2025

AI Rating: 4

Insider Trading Activity: The recent insider trading at AMGN shows significant sell-offs by key executives. Murdo Gordon sold 8,771 shares for approximately $2.58 million, representing around 16.6% of his holdings. This trend is concerning as it depicts a lack of confidence in the stock's future performance, especially with three sales and no purchases recorded in the last six months.

Hedge Fund Movements: The report outlines mixed institutional investor activity around AMGN. While 1,156 funds increased their positions, a larger number, 1,412, reduced their holdings during the recent quarter. Notably, Capital World Investors dramatically increased their holdings by over 6 million shares, but the removal of significant shares by Pathway Financial Advisers reflects uncertainty among other institutional players.

Congressional Trading: Trading activity by members of Congress further complicates the outlook. Recent sales and a singular purchase depict indecisiveness about the potential upside of AMGN's stock. This development adds another layer of concern for investors gauging the reliability of AMGN's future prospects.

Stocks: AMGN