Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Argan, Inc. shares valued at $202,530 were sold by Koilpillai Mano S on Jul 30 ’24. At $76.92 per share, Koilpillai Mano S sold 2,633 shares. The insider’s holdings dropped to 4,975 shares worth approximately $0.36 million following the completion of this transaction.
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Also, Griffin William F Jr sold 13,115 shares, netting a total of over 1,044,741 in proceeds. Following the sale of shares at $79.66 each, the insider now holds 157,604 shares.
Before that, Griffin William F Jr had sold 5,000 shares from its account. In a trade valued at $385,700, the GEMMA, NON-EXECUTIVE CHAIRMAN traded Argan, Inc. shares for $77.14 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $12.22 million.
As published in a research note from CJS Securities on September 22, 2020, Argan, Inc. [AGX] has been rated up from a Market perform to a Market outperform. Analysts at Lake Street upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of December 07, 2017, Lake Street has decreased its “Buy” rating to a “Hold” for AGX. Earlier on June 08, 2017, Lake Street resumed its rating. Their recommendation was “a Buy” for AGX stock.
Analyzing AGX Stock Performance
During the last five days, there has been a drop of approximately -6.86%. Over the course of the year, Argan, Inc. shares have jumped approximately 53.02%. Shares of the company reached a 52-week high of $81.05 on 07/31/24 and a 52-week low of $43.44 on 01/24/24. A 50-day SMA is recorded $73.96, while a 200-day SMA reached $58.82. Nevertheless, trading volume fell to 0.29 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Argan, Inc. (AGX)
According to the 24-hour chart, there is a support level at 70.84, which, if violated, would cause prices to drop to 70.09. In the upper region, resistance lies at 72.73. The next price resistance is at 73.87. RSI (Relative Strength Index) is 44.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 95.33%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
