Argan, Inc.’s recent filing unveils that its Director Koilpillai Mano S unloaded Company’s shares for reported $0.17 million on Apr 23 ’24. In the deal valued at $61.79 per share,2,700 shares were sold. As a result of this transaction, Koilpillai Mano S now holds 7,608 shares worth roughly $0.58 million.
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Then, Deily Richard H sold 6,256 shares, generating $382,554 in total proceeds. Upon selling the shares at $61.15, the CHIEF FINANCIAL OFFICER, SVP now owns 8,185 shares.
Before that, MITCHELL W G CHAMPION sold 2,507 shares. Argan, Inc. shares valued at $154,130 were divested by the Director at a price of $61.48 per share. As a result of the transaction, MITCHELL W G CHAMPION now holds 2,500 shares, worth roughly $0.19 million.
CJS Securities upgraded its Argan, Inc. [AGX] rating to a Market outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who increased its forecast for the stock in late March from “a Hold” to “a Buy”. Lake Street also remained covering AGX and has decreased its forecast on December 07, 2017 with a “Hold” recommendation from previously “Buy” rating. Lake Street maintained its rating on June 08, 2017. It rated AGX as “a Buy”.
Price Performance Review of AGX
On Friday, Argan, Inc. [NYSE:AGX] saw its stock jump 10.43% to $76.35. Over the last five days, the stock has gained 8.10%. Argan, Inc. shares have risen nearly 63.18% since the year began. Nevertheless, the stocks have risen 71.77% over the past one year. While a 52-week high of $71.50 was reached on 06/07/24, a 52-week low of $37.37 was recorded on 01/24/24. SMA at 50 days reached $62.26, while 200 days put it at $49.89. A total of 0.62 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For AGX Stock
The 24-hour chart illustrates a support level at 74.01, which if violated will result in even more drops to 71.67. On the upside, there is a resistance level at 78.38. A further resistance level may holdings at 80.41. The Relative Strength Index (RSI) on the 14-day chart is 77.97, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.68%. Stochastics %K at 68.75% indicates the stock is a holding.
