Argan, Inc.’s filing revealed that its Director Rainer H Bosselmann acquired Company’s shares for reported $2.51 million on Sep 10 ’24. In the deal valued at $90.22 per share,27,840 shares were bought.
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Then, James W Quinn bought 20,000 shares, generating $1,804,400 in total proceeds.
Before that, Koilpillai Mano S sold 2,633 shares. Argan, Inc. shares valued at $202,530 were divested by the Former Director at a price of $76.92 per share. As a result of the transaction, Koilpillai Mano S now holds 4,975 shares, worth roughly $0.45 million.
CJS Securities upgraded its Argan, Inc. [AGX] rating to a Market outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who increased its forecast for the stock in late March from “a Hold” to “a Buy”. Lake Street also remained covering AGX and has decreased its forecast on December 07, 2017 with a “Hold” recommendation from previously “Buy” rating. Lake Street maintained its rating on June 08, 2017. It rated AGX as “a Buy”.
Price Performance Review of AGX
On Tuesday, Argan, Inc. [NYSE:AGX] saw its stock fall -4.19% to $89.48. Over the last five days, the stock has gained 23.28%. Argan, Inc. shares have risen nearly 91.24% since the year began. Nevertheless, the stocks have risen 101.99% over the past one year. While a 52-week high of $95.73 was reached on 09/06/24, a 52-week low of $39.74 was recorded on 01/24/24. SMA at 50 days reached $74.89, while 200 days put it at $59.63.
Levels Of Support And Resistance For AGX Stock
The 24-hour chart illustrates a support level at 87.86, which if violated will result in even more drops to 86.25. On the upside, there is a resistance level at 91.68. A further resistance level may holdings at 93.89. The Relative Strength Index (RSI) on the 14-day chart is 66.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.11%. Stochastics %K at 81.54% indicates the stock is a selling.
How much short interest is there in Argan, Inc.?
A steep rise in short interest was recorded in Argan, Inc. stocks on 2024-08-15, dropping by 58410.0 shares to a total of 0.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.3 million shares. There was a decline of -24.35%, which implies that there is a negative sentiment for the stock.
