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Amphastar Pharmaceuticals Inc
Company Overview: Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) is a biopharmaceutical company that focuses primarily on developing, manufacturing, marketing, and selling technically challenging generic and injectable, inhalation, and intranasal products. Additionally, it sells insulin API products. Most of its finished products are used in hospital or urgent care clinical settings and are primarily contracted and distributed through group purchasing organizations and drug wholesalers.
As per our previous US Daily Report published on ‘AMPH’ on 08th August 2024, Kalkine provided an ‘Speculative Buy’ stance on the stock at USD 43.32 based on “decent fundamentals, other key financial and operating highlights, associated risks, consistency in product innovation, higher profitability metrics, and valuation” and the stock price has now moved by ~16.32% since then and has attained resistance 1.
Noted below are the details of support and resistance levels provided in our previous report:
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