AMMO Inc’s recent filing unveils that its EXECUTIVE CHAIR WAGENHALS FRED W unloaded Company’s shares for reported $0.54 million on Mar 04 ’24. In the deal valued at $2.43 per share,221,138 shares were sold. As a result of this transaction, WAGENHALS FRED W now holds 7,066,700 shares worth roughly $10.25 million.
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Then, WAGENHALS FRED W sold 30,590 shares, generating $73,416 in total proceeds. Upon selling the shares at $2.40, the EXECUTIVE CHAIR now owns 7,287,838 shares.
Before that, WAGENHALS FRED W sold 5,699 shares. AMMO Inc shares valued at $13,678 were divested by the EXECUTIVE CHAIR at a price of $2.40 per share. As a result of the transaction, WAGENHALS FRED W now holds 7,318,428 shares, worth roughly $10.61 million.
ROTH Capital downgraded its AMMO Inc [POWW] rating to a Neutral from a a Buy in a research note published on November 15, 2022; the price target was decreased to $3 from $6. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. ROTH Capital began covering POWW with “Buy” recommendation on April 08, 2021.
Price Performance Review of POWW
On Tuesday, AMMO Inc [NASDAQ:POWW] saw its stock fall -2.36% to $1.45. Over the last five days, the stock has lost -8.23%. AMMO Inc shares have fallen nearly -30.95% since the year began. Nevertheless, the stocks have fallen -28.57% over the past one year. While a 52-week high of $3.15 was reached on 03/28/24, a 52-week low of $1.44 was recorded on 08/13/24. SMA at 50 days reached $1.8514, while 200 days put it at $2.2399.
Levels Of Support And Resistance For POWW Stock
The 24-hour chart illustrates a support level at 1.3700, which if violated will result in even more drops to 1.2900. On the upside, there is a resistance level at 1.5100. A further resistance level may holdings at 1.5700. The Relative Strength Index (RSI) on the 14-day chart is 32.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1986, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.92%. Stochastics%K at 12.26% indicates the stock is a buying.
How much short interest is there in AMMO Inc?
A steep rise in short interest was recorded in AMMO Inc stocks on
