Amalgamated Financial Corp’s recently made public that its Senior Executive VP and CFO Darby Jason unloaded Company’s shares for reported $0.11 million on Jun 28 ’24. In the deal valued at $27.02 per share,4,000 shares were sold. As a result of this transaction, Darby Jason now holds 56,470 shares worth roughly $1.82 million.
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Then, Romney Edgar Jr sold 8,269 shares, generating $208,792 in total proceeds. Upon selling the shares at $25.25, the Chief Strategy & Admin Officer now owns 13,856 shares.
Before that, Brown Sam D. sold 8,994 shares. Amalgamated Financial Corp shares valued at $229,077 were divested by the SEVP, Chief Banking Officer at a price of $25.47 per share. As a result of the transaction, Brown Sam D. now holds 45,970 shares, worth roughly $1.48 million.
JP Morgan upgraded its Amalgamated Financial Corp [AMAL] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late March from “an Overweight” to “a Neutral”. Keefe Bruyette also remained covering AMAL and has increased its forecast on February 04, 2020 with a “an Outperform” recommendation from previously “Mkt perform” rating.
Price Performance Review of AMAL
On Tuesday, Amalgamated Financial Corp [NASDAQ:AMAL] saw its stock jump 0.19% to $32.21. Over the last five days, the stock has gained 0.81%. Amalgamated Financial Corp shares have risen nearly 19.56% since the year began. Nevertheless, the stocks have risen 61.62% over the past one year. While a 52-week high of $32.79 was reached on 07/24/24, a 52-week low of $15.19 was recorded on 04/19/24. SMA at 50 days reached $27.06, while 200 days put it at $24.09. A total of 0.23 million shares were traded, compared to the trading of 0.21 million shares in the previous session.
Levels Of Support And Resistance For AMAL Stock
The 24-hour chart illustrates a support level at 31.88, which if violated will result in even more drops to 31.56. On the upside, there is a resistance level at 32.55. A further resistance level may holdings at 32.90. The Relative Strength Index (RSI) on the 14-day chart is 75.34, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.63%. Stochastics%K at 90.25% indicates the stock is a selling.
