Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. A-Mark Precious Metals Inc shares valued at $102,099 were sold by ROBERTS GREGORY N on Mar 01 ’24. At $26.15 per share, ROBERTS GREGORY N sold 3,904 shares. The insider’s holdings dropped to 28,202 shares worth approximately $1.12 million following the completion of this transaction.
Also, ROBERTS GREGORY N sold 8,696 shares, netting a total of over 220,047 in proceeds. Following the sale of shares at $25.30 each, the insider now holds 28,202 shares.
Before that, ROBERTS GREGORY N had sold 16,000 shares from its account. In a trade valued at $406,896, the Chief Executive Officer traded A-Mark Precious Metals Inc shares for $25.43 each. Upon closing the transaction, the insider’s holdings decreased to 16,000 shares, worth approximately $1.12 million.
As published in their initiating research note from B. Riley Securities on December 16, 2022, A-Mark Precious Metals Inc [AMRK] has been a Buy and the price target has been revised to $50. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of March 19, 2021, DA Davidson has initiated its “Buy” rating for AMRK. Earlier on August 24, 2020, ROTH Capital initiated its rating. Their recommendation was “a Buy” for AMRK stock.
Analyzing AMRK Stock Performance
During the last five days, there has been a surge of approximately 25.64%. Over the course of the year, A-Mark Precious Metals Inc shares have jumped approximately 31.54%. Shares of the company reached a 52-week high of $40.79 on 04/10/24 and a 52-week low of $24.22 on 02/23/24. A 50-day SMA is recorded $28.30, while a 200-day SMA reached $31.03. Nevertheless, trading volume fell to 1.26 million shares from 1.76 million shares the previous day.
Support And Resistance Levels for A-Mark Precious Metals Inc (AMRK)
According to the 24-hour chart, there is a support level at 37.38, which, if violated, would cause prices to drop to 34.98. In the upper region, resistance lies at 41.49. The next price resistance is at 43.20. RSI (Relative Strength Index) is 78.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.87, which suggests the price will increase in the coming days. Percent R is at 7.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is A-Mark Precious Metals Inc subject to short interest?
Stocks of A-Mark Precious Metals Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.19 million shares to 3.02 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.21 million shares. A decline of -6.29% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 11.44 of the overall float, the days-to-cover ratio (short ratio) decline to 11.44.
Which companies own the most shares of A-Mark Precious Metals Inc (AMRK)?
On November 15, 2017, B. Riley FBR Inc. assigned a price target of “a Neutral” to the stock and reiterated coverage with a $17.50.
