Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amalgamated Financial Corp shares valued at $108,074 were sold by Darby Jason on Jun 28 ’24. At $27.02 per share, Darby Jason sold 4,000 shares. The insider’s holdings dropped to 56,470 shares worth approximately $1.48 million following the completion of this transaction.
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Also, Romney Edgar Jr sold 8,269 shares, netting a total of over 208,792 in proceeds. Following the sale of shares at $25.25 each, the insider now holds 13,856 shares.
Before that, Brown Sam D. had sold 8,994 shares from its account. In a trade valued at $229,077, the SEVP, Chief Banking Officer traded Amalgamated Financial Corp shares for $25.47 each. Upon closing the transaction, the insider’s holdings decreased to 8,994 shares, worth approximately $1.21 million.
As published in a research note from JP Morgan on December 12, 2023, Amalgamated Financial Corp [AMAL] has been rated up from a Neutral to an Overweight and the price target has been revised to $29. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of February 04, 2020, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for AMAL.
Analyzing AMAL Stock Performance
During the last five days, there has been a surge of approximately 2.54%. Over the course of the year, Amalgamated Financial Corp shares have dropped approximately -2.49%. Shares of the company reached a 52-week high of $27.66 on 01/30/24 and a 52-week low of $21.33 on 04/19/24. A 50-day SMA is recorded $25.21, while a 200-day SMA reached $22.93. Nevertheless, trading volume fell to 64484.0 shares from 0.13 million shares the previous day.
Support And Resistance Levels for Amalgamated Financial Corp (AMAL)
According to the 24-hour chart, there is a support level at 26.05, which, if violated, would cause prices to drop to 25.84. In the upper region, resistance lies at 26.68. The next price resistance is at 27.10. RSI (Relative Strength Index) is 58.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.05, which suggests the price will increase in the coming days. Percent R is at 38.77%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
