The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Arq Inc shares valued at $63,300 were purchased by Wong Joseph M on Nov 21 ’23. At $2.53 per share, Wong Joseph M acquired 25,000 shares. The insider’s holdings grew to 251,913 shares worth approximately $1.97 million following the completion of this transaction.
Also, Wong Joseph M purchased 35,000 shares, netting a total of over 86,908 in proceeds. Following the buying of shares at $2.48 each, the insider now holds 226,913 shares.
Before that, Wong Joseph M had added 30,000 shares to its account. In a trade valued at $73,386, the Chief Technology Officer bought Arq Inc shares for $2.45 each. Upon closing the transaction, the insider’s holdings increased to 30,000 shares, worth approximately $1.5 million.
As published in their initiating research note from Rodman & Renshaw on February 06, 2017, Arq Inc [ARQ] has been a Buy and the price target has been revised to $18.
Analyzing ARQ Stock Performance
During the last five days, there has been a surge of approximately 9.04%. Over the course of the year, Arq Inc shares have jumped approximately 163.09%. Shares of the company reached a 52-week high of $8.26 on 04/25/24 and a 52-week low of $2.50 on 01/11/24. A 50-day SMA is recorded $5.42, while a 200-day SMA reached $3.07. Nevertheless, trading volume fell to 0.55 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for Arq Inc (ARQ)
According to the 24-hour chart, there is a support level at 7.23, which, if violated, would cause prices to drop to 6.62. In the upper region, resistance lies at 8.35. The next price resistance is at 8.87. RSI (Relative Strength Index) is 66.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 21.54%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
