In a filing, AMMO Inc revealed its EXECUTIVE CHAIR WAGENHALS FRED W unloaded Company’s shares for reported $0.54 million on Mar 04 ’24. In the deal valued at $2.43 per share,221,138 shares were sold. As a result of this transaction, WAGENHALS FRED W now holds 7,066,700 shares worth roughly $18.59 million.
Then, WAGENHALS FRED W sold 30,590 shares, generating $73,416 in total proceeds. Upon selling the shares at $2.40, the EXECUTIVE CHAIR now owns 7,287,838 shares.
Before that, WAGENHALS FRED W sold 5,699 shares. AMMO Inc shares valued at $13,678 were divested by the EXECUTIVE CHAIR at a price of $2.40 per share. As a result of the transaction, WAGENHALS FRED W now holds 7,318,428 shares, worth roughly $19.25 million.
ROTH Capital downgraded its AMMO Inc [POWW] rating to a Neutral from a a Buy in a research note published on November 15, 2022; the price target was decreased to $3 from $6. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. ROTH Capital began covering POWW with “Buy” recommendation on April 08, 2021.
Price Performance Review of POWW
On Tuesday, AMMO Inc [NASDAQ:POWW] saw its stock fall -4.36% to $2.63. Over the last five days, the stock has lost -1.50%. AMMO Inc shares have risen nearly 25.24% since the year began. Nevertheless, the stocks have risen 31.50% over the past one year. While a 52-week high of $3.15 was reached on 03/28/24, a 52-week low of $1.60 was recorded on 01/18/24. SMA at 50 days reached $2.46, while 200 days put it at $2.25. A total of 0.34 million shares were traded, compared to the trading of 0.52 million shares in the previous session.
Levels Of Support And Resistance For POWW Stock
The 24-hour chart illustrates a support level at 2.56, which if violated will result in even more drops to 2.48. On the upside, there is a resistance level at 2.75. A further resistance level may holdings at 2.87. The Relative Strength Index (RSI) on the 14-day chart is 52.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.57%. Stochastics %K at 39.76% indicates the stock is a holding.
How much short interest is there in AMMO Inc?
A steep rise in short interest was recorded in AMMO Inc stocks on Mar 15, 2024, growing by 0.0 shares to a total of 2.94 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.94 million shares.
