Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AMBAC Financial Group Inc shares valued at $70,308 were purchased by Matus Kristi Ann on Sep 27 ’24. At $11.16 per share, Matus Kristi Ann acquired 6,300 shares. The insider’s holdings grew to 9,000 shares worth approximately $0.1 million following the completion of this transaction.
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Also, Matus Kristi Ann purchased 2,700 shares, netting a total of over 30,429 in proceeds. Following the buying of shares at $11.27 each, the insider now holds 2,700 shares.
Before that, Smith R Sharon had added 1,100 shares to its account. In a trade valued at $11,704, the Exec VP & Chief Strategy Offr bought AMBAC Financial Group Inc shares for $10.64 each. Upon closing the transaction, the insider’s holdings increased to 1,100 shares, worth approximately $0.84 million.
As published in a research note from ROTH MKM on September 18, 2024, AMBAC Financial Group Inc [AMBC] has been rated up from a Neutral to a Buy and the price target has been revised to $15 from $13. Analysts at Compass Point upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of November 28, 2022, Compass Point has initiated its “Neutral” rating for AMBC. Earlier on May 12, 2017, MKM Partners upgraded its rating. Their new recommendation was “a Neutral” for AMBC stock which previously was a “a Sell”.
Analyzing AMBC Stock Performance
During the last five days, there has been a drop of approximately -2.33%. Over the course of the year, AMBAC Financial Group Inc shares have dropped approximately -31.37%. Shares of the company reached a 52-week high of $18.45 on 05/08/24 and a 52-week low of $10.12 on 08/06/24. A 50-day SMA is recorded $11.31, while a 200-day SMA reached $13.80. Nevertheless, trading volume fell to 0.59 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for AMBAC Financial Group Inc (AMBC)
According to the 24-hour chart, there is a support level at 11.18, which, if violated, would cause prices to drop to 11.05. In the upper region, resistance lies at 11.50. The next price resistance is at 11.68. RSI (Relative Strength Index) is 45.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 84.62%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
