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 $17.95 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 $18.59 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 jump 0.79% to $2.54. AMMO Inc shares have risen nearly 20.95% since the year began. Nevertheless, the stocks have risen 41.11% 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 $2.55, while 200 days put it at $2.29. A total of 0.22 million shares were traded, compared to the trading of 0.4 million shares in the previous session.
Levels Of Support And Resistance For POWW Stock
The 24-hour chart illustrates a support level at 2.51, which if violated will result in even more drops to 2.49. On the upside, there is a resistance level at 2.56. A further resistance level may holdings at 2.58. The Relative Strength Index (RSI) on the 14-day chart is 49.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.74%. Stochastics %K at 39.99% indicates the stock is a holding.
