In a filing, Assured Guaranty Ltd revealed its President/CEO/Deputy Chairman FREDERICO DOMINIC unloaded Company’s shares for reported $5.08 million on Mar 20 ’24. In the deal valued at $92.43 per share,55,000 shares were sold. As a result of this transaction, FREDERICO DOMINIC now holds 1,450,824 shares worth roughly $119.56 million.
Then, BUHL G LAWRENCE sold 2,500 shares, generating $178,150 in total proceeds. Upon selling the shares at $71.26, the Director now owns 43,507 shares.
Before that, Donnarumma Stephen sold 15,000 shares. Assured Guaranty Ltd shares valued at $1,049,400 were divested by the Chief Credit Officer at a price of $69.96 per share. As a result of the transaction, Donnarumma Stephen now holds 94,774 shares, worth roughly $7.81 million.
Keefe Bruyette downgraded its Assured Guaranty Ltd [AGO] rating to a Mkt perform from a an Outperform in a research note published on April 01, 2024; the price target was increased to $92 from $75. A number of analysts have revised their coverage, including Compass Point’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. UBS also remained covering AGO and has decreased its forecast on April 05, 2022 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of AGO
On Tuesday, Assured Guaranty Ltd [NYSE:AGO] saw its stock fall -1.26% to $82.41. Over the last five days, the stock has lost -3.04%. Assured Guaranty Ltd shares have risen nearly 10.13% since the year began. Nevertheless, the stocks have risen 57.63% over the past one year. While a 52-week high of $96.60 was reached on 02/28/24, a 52-week low of $49.84 was recorded on 01/03/24. SMA at 50 days reached $86.64, while 200 days put it at $69.79. A total of 0.51 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For AGO Stock
The 24-hour chart illustrates a support level at 81.45, which if violated will result in even more drops to 80.50. On the upside, there is a resistance level at 83.68. A further resistance level may holdings at 84.95. The Relative Strength Index (RSI) on the 14-day chart is 31.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.39%. Stochastics %K at 6.19% indicates the stock is a buying.
How much short interest is there in Assured Guaranty Ltd?
A steep rise in short interest was recorded in Assured Guaranty Ltd stocks on Mar 15, 2024, growing by 7870.0 shares to a total of 0.92 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.92 million shares. There was a rise of 0.85%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.36% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.31.
