A-Mark Precious Metals Inc’s filing revealed that its Director BENJAMIN JEFFREY D acquired Company’s shares for reported $6.51 million on Sep 16 ’24. In the deal valued at $46.47 per share,140,000 shares were bought.
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Then, ROBERTS GREGORY N bought 50,000 shares, generating $2,261,000 in total proceeds.
Before that, MELTZER CAROL sold 500 shares. A-Mark Precious Metals Inc shares valued at $19,625 were divested by the EVP, Gen. Counsel & Secretary at a price of $39.25 per share. As a result of the transaction, MELTZER CAROL now holds 22,000 shares, worth roughly $0.99 million.
Maxim Group initiated its A-Mark Precious Metals Inc [AMRK] rating to a Buy in a research note published on May 22, 2024; the price target was $63. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Neutral”. Northland Capital also remained covering AMRK and has decreased its forecast on May 08, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. B. Riley Securities started covering the stock on December 16, 2022. It rated AMRK as “a Buy”.
Price Performance Review of AMRK
On Monday, A-Mark Precious Metals Inc [NASDAQ:AMRK] saw its stock fall -4.50% to $44.81. Over the last five days, the stock has gained 2.68%. A-Mark Precious Metals Inc shares have risen nearly 48.13% since the year began. Nevertheless, the stocks have risen 32.50% over the past one year. While a 52-week high of $47.38 was reached on 09/16/24, a 52-week low of $23.14 was recorded on 02/23/24. SMA at 50 days reached $37.58, while 200 days put it at $33.35.
Levels Of Support And Resistance For AMRK Stock
The 24-hour chart illustrates a support level at 43.35, which if violated will result in even more drops to 41.89. On the upside, there is a resistance level at 46.83. A further resistance level may holdings at 48.85. The Relative Strength Index (RSI) on the 14-day chart is 68.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.82%. Stochastics %K at 89.26% indicates the stock is a selling.
How much short interest is there in A-Mark Precious Metals Inc?
A steep rise in short interest was recorded in A-Mark Precious Metals Inc stocks on 2024-08-30, growing by 0.29 million shares to a total of 3.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.57 million shares. There was a rise of 7.55%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 19, 2022 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $105 price target.
