AMMO Inc’s recent filing unveils that 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 $18.3 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 $18.95 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 -1.15% to $2.59. Over the last five days, the stock has gained 5.28%. AMMO Inc shares have risen nearly 23.33% since the year began. Nevertheless, the stocks have risen 31.47% 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 $2.52, while 200 days put it at $2.27. A total of 0.59 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For POWW Stock
The 24-hour chart illustrates a support level at 2.54, which if violated will result in even more drops to 2.48. On the upside, there is a resistance level at 2.68. A further resistance level may holdings at 2.76. The Relative Strength Index (RSI) on the 14-day chart is 52.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.87%. Stochastics %K at 41.48% indicates the stock is a holding.
