Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Assured Guaranty Ltd shares valued at $5,083,914 were sold by FREDERICO DOMINIC on Mar 20 ’24. At $92.43 per share, FREDERICO DOMINIC sold 55,000 shares. The insider’s holdings dropped to 1,450,824 shares worth approximately $116.09 million following the completion of this transaction.
Also, BUHL G LAWRENCE sold 2,500 shares, netting a total of over 178,150 in proceeds. Following the sale of shares at $71.26 each, the insider now holds 43,507 shares.
Before that, Donnarumma Stephen had sold 15,000 shares from its account. In a trade valued at $1,049,400, the Chief Credit Officer traded Assured Guaranty Ltd shares for $69.96 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $7.58 million.
As published in a research note from Keefe Bruyette on April 01, 2024, Assured Guaranty Ltd [AGO] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $92 from $75. Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of April 05, 2022, UBS has decreased its “Buy” rating to a “Neutral” for AGO.
Analyzing AGO Stock Performance
During the last five days, there has been a surge of approximately 3.33%. Over the course of the year, Assured Guaranty Ltd shares have jumped approximately 6.94%. Shares of the company reached a 52-week high of $96.60 on 02/28/24 and a 52-week low of $74.03 on 01/03/24. A 50-day SMA is recorded $84.33, while a 200-day SMA reached $72.19. Nevertheless, trading volume fell to 0.59 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Assured Guaranty Ltd (AGO)
According to the 24-hour chart, there is a support level at 79.18, which, if violated, would cause prices to drop to 78.35. In the upper region, resistance lies at 81.18. The next price resistance is at 82.35. RSI (Relative Strength Index) is 49.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.71, which suggests the price will increase in the coming days. Percent R is at 41.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
