KD Logo

Taking a look at what insiders are doing to gauge the AFC Gamma Inc (AFCG)’s direction

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. AFC Gamma Inc shares valued at $358,500 were purchased by TANNENBAUM LEONARD M on Jun 06 ’24. At $11.95 per share, TANNENBAUM LEONARD M acquired 30,000 shares. The insider’s holdings grew to 159,217 shares worth approximately $1.93 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, TANNENBAUM LEONARD M purchased 27,500 shares, netting a total of over 329,450 in proceeds. Following the buying of shares at $11.98 each, the insider now holds 3,803,473 shares.

Before that, TANNENBAUM LEONARD M had added 31,335 shares to its account. In a trade valued at $378,840, the Executive Chairman; CIO bought AFC Gamma Inc shares for $12.09 each. Upon closing the transaction, the insider’s holdings increased to 31,335 shares, worth approximately $45.88 million.

As published in a research note from Compass Point on May 28, 2024, AFC Gamma Inc [AFCG] has been rated down from a Neutral to a Sell and the price target has been revised to $10. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid May. As of August 26, 2021, Jefferies has initiated its “Buy” rating for AFCG. Earlier on August 11, 2021, Cowen initiated its rating. Their recommendation was “an Outperform” for AFCG stock.

Analyzing AFCG Stock Performance

During the last five days, there has been a surge of approximately 5.86%. Over the course of the year, AFC Gamma Inc shares have jumped approximately 2.25%. Shares of the company reached a 52-week high of $13.28 on 03/26/24 and a 52-week low of $10.89 on 02/23/24. A 50-day SMA is recorded $12.12, while a 200-day SMA reached $11.84. Nevertheless, trading volume fell to 77836.0 shares from 0.13 million shares the previous day.

Support And Resistance Levels for AFC Gamma Inc (AFCG)

According to the 24-hour chart, there is a support level at 12.09, which, if violated, would cause prices to drop to 12.04. In the upper region, resistance lies at 12.23. The next price resistance is at 12.32. RSI (Relative Strength Index) is 54.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 47.97%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

Most Popular