Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amerisafe Inc shares valued at $43,520 were purchased by BROWN MICHAEL J on May 30 ’24. At $43.52 per share, BROWN MICHAEL J acquired 1,000 shares. The insider’s holdings grew to 10,055 shares worth approximately $0.44 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Omiridis Anastasios sold 3,325 shares, netting a total of over 170,306 in proceeds. Following the sale of shares at $51.22 each, the insider now holds 1,520 shares.
As published in their initiating research note from Janney on February 24, 2023, Amerisafe Inc [AMSF] has been a Neutral and the price target has been revised to $58. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early March. As of April 06, 2018, Keefe Bruyette has initiated its “Mkt perform” rating for AMSF. Earlier on September 25, 2017, Boenning & Scattergood initiated its rating. Their recommendation was “a Neutral” for AMSF stock.
Analyzing AMSF Stock Performance
During the last five days, there has been a surge of approximately 0.65%. Over the course of the year, Amerisafe Inc shares have dropped approximately -7.20%. Shares of the company reached a 52-week high of $54.80 on 03/04/24 and a 52-week low of $41.97 on 06/14/24. A 50-day SMA is recorded $44.86, while a 200-day SMA reached $48.52. Nevertheless, trading volume fell to 62982.0 shares from 0.1 million shares the previous day.
Support And Resistance Levels for Amerisafe Inc (AMSF)
According to the 24-hour chart, there is a support level at 43.21, which, if violated, would cause prices to drop to 43.00. In the upper region, resistance lies at 43.79. The next price resistance is at 44.16. RSI (Relative Strength Index) is 46.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.63, which suggests the price will decrease in the coming days. Percent R is at 33.33%, indicating low price movement. Stochastics%K at selling indicates that the stock is to be held.
