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Insider Buying: Chang Raymond Nobu, Agrify Corp [AGFY] CEO and Chairman invested 1,842,104 shares

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. Agrify Corp shares valued at $700,000 were purchased by Chang Raymond Nobu on Feb 28 ’24. At $0.38 per share, Chang Raymond Nobu acquired 1,842,104 shares. The insider’s holdings grew to 3,295,998 shares worth approximately $1.02 million following the completion of this transaction.

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As published in a research note from Craig Hallum on March 23, 2022, Agrify Corp [AGFY] has been rated down from a Buy to a Hold. Analysts at Alliance Global Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of July 23, 2021, Craig Hallum has initiated its “Buy” rating for AGFY. Earlier on March 01, 2021, Maxim Group initiated its rating. Their recommendation was “a Buy” for AGFY stock.

Analyzing AGFY Stock Performance

During the last five days, there has been a surge of approximately 5.05%. Over the course of the year, Agrify Corp shares have dropped approximately -74.99%. Shares of the company reached a 52-week high of $2.8000 on 01/18/24 and a 52-week low of $0.2459 on 05/22/24. A 50-day SMA is recorded $0.3341, while a 200-day SMA reached $1.3042. Nevertheless, trading volume fell to 1.21 million shares from 3.25 million shares the previous day.

Support And Resistance Levels for Agrify Corp (AGFY)

According to the 24-hour chart, there is a support level at 0.2502, which, if violated, would cause prices to drop to 0.1863. In the upper region, resistance lies at 0.3737. The next price resistance is at 0.4333. RSI (Relative Strength Index) is 48.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0224, which suggests the price will decrease in the coming days. Percent R is at 58.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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