Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. AMMO Inc shares valued at $537,365 were sold by WAGENHALS FRED W on Mar 04 ’24. At $2.43 per share, WAGENHALS FRED W sold 221,138 shares. The insider’s holdings dropped to 7,066,700 shares worth approximately $11.66 million following the completion of this transaction.
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Also, WAGENHALS FRED W sold 30,590 shares, netting a total of over 73,416 in proceeds. Following the sale of shares at $2.40 each, the insider now holds 7,287,838 shares.
Before that, WAGENHALS FRED W had sold 5,699 shares from its account. In a trade valued at $13,678, the EXECUTIVE CHAIR traded AMMO Inc shares for $2.40 each. Upon closing the transaction, the insider’s holdings decreased to 5,699 shares, worth approximately $12.08 million.
As published in a research note from ROTH Capital on November 15, 2022, AMMO Inc [POWW] has been rated down from a Buy to a Neutral and the price target has been revised to $3 from $6. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in late April. As of April 08, 2021, ROTH Capital has initiated its “Buy” rating for POWW.
Analyzing POWW Stock Performance
During the last five days, there has been a drop of approximately -10.33%. Over the course of the year, AMMO Inc shares have dropped approximately -21.43%. Shares of the company reached a 52-week high of $2.9400 on 03/28/24 and a 52-week low of $1.6000 on 06/27/24. A 50-day SMA is recorded $2.3744, while a 200-day SMA reached $2.3210. Nevertheless, trading volume fell to 0.65 million shares from 2.0 million shares the previous day.
Support And Resistance Levels for AMMO Inc (POWW)
According to the 24-hour chart, there is a support level at 1.6100, which, if violated, would cause prices to drop to 1.5700. In the upper region, resistance lies at 1.6800. The next price resistance is at 1.7100. RSI (Relative Strength Index) is 27.19 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.3486, which suggests the price will decrease in the coming days. Percent R is at 94.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
