A-Mark Precious Metals Inc’s filing revealed that its Chief Executive Officer ROBERTS GREGORY N unloaded Company’s shares for reported $0.1 million on Mar 01 ’24. In the deal valued at $26.15 per share,3,904 shares were sold. As a result of this transaction, ROBERTS GREGORY N now holds 28,202 shares worth roughly $0.92 million.
Then, ROBERTS GREGORY N sold 8,696 shares, generating $220,047 in total proceeds. Upon selling the shares at $25.30, the Chief Executive Officer now owns 28,202 shares.
Before that, ROBERTS GREGORY N sold 16,000 shares. A-Mark Precious Metals Inc shares valued at $406,896 were divested by the Chief Executive Officer at a price of $25.43 per share. As a result of the transaction, ROBERTS GREGORY N now holds 28,202 shares, worth roughly $0.92 million.
B. Riley Securities initiated its A-Mark Precious Metals Inc [AMRK] rating to a Buy in a research note published on December 16, 2022; the price target was $50. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. DA Davidson began covering AMRK with “Buy” recommendation on March 19, 2021. ROTH Capital started covering the stock on August 24, 2020. It rated AMRK as “a Buy”.
Price Performance Review of AMRK
On Friday, A-Mark Precious Metals Inc [NASDAQ:AMRK] saw its stock jump 6.54% to $32.73. Over the last five days, the stock has gained 6.65%. A-Mark Precious Metals Inc shares have risen nearly 8.20% since the year began. Nevertheless, the stocks have fallen -5.19% over the past one year. While a 52-week high of $40.95 was reached on 04/05/24, a 52-week low of $23.14 was recorded on 02/23/24. SMA at 50 days reached $27.62, while 200 days put it at $31.01. A total of 0.61 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For AMRK Stock
The 24-hour chart illustrates a support level at 30.94, which if violated will result in even more drops to 29.15. On the upside, there is a resistance level at 34.22. A further resistance level may holdings at 35.71. The Relative Strength Index (RSI) on the 14-day chart is 70.63, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.20%. Stochastics %K at 82.49% indicates the stock is a selling.
How much short interest is there in A-Mark Precious Metals Inc?
A steep rise in short interest was recorded in A-Mark Precious Metals Inc stocks on Mar 15, 2024, dropping by -0.19 million shares to a total of 3.02 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.21 million shares. There was a decline of -6.29%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 19.12% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.44.
The most recent change occurred on November 15, 2017 when B. Riley FBR Inc. resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $17.50.
