Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. A-Mark Precious Metals Inc shares valued at $2,618,965 were sold by BENJAMIN JEFFREY D on Sep 20 ’24. At $43.65 per share, BENJAMIN JEFFREY D sold 60,000 shares. The insider’s holdings dropped to 664,198 shares worth approximately $20.98 million following the completion of this transaction.
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Also, Wittmeyer Michael R. sold 74,842 shares, netting a total of over 3,292,851 in proceeds. Following the sale of shares at $44.00 each, the insider now holds 292,535 shares.
Before that, Wittmeyer Michael R. had sold 10,975 shares from its account. In a trade valued at $475,187, the Director traded A-Mark Precious Metals Inc shares for $43.30 each. Upon closing the transaction, the insider’s holdings decreased to 10,975 shares, worth approximately $9.24 million.
As published in their initiating research note from Maxim Group on May 22, 2024, A-Mark Precious Metals Inc [AMRK] has been a Buy and the price target has been revised to $63. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid May. As of May 08, 2024, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for AMRK. Earlier on December 16, 2022, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for AMRK stock.
Analyzing AMRK Stock Performance
During the last five days, there has been a drop of approximately -18.69%. Over the course of the year, A-Mark Precious Metals Inc shares have jumped approximately 4.43%. Shares of the company reached a 52-week high of $47.39 on 09/16/24 and a 52-week low of $24.22 on 02/23/24. A 50-day SMA is recorded $41.73, while a 200-day SMA reached $35.66. Nevertheless, trading volume fell to 1.38 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for A-Mark Precious Metals Inc (AMRK)
According to the 24-hour chart, there is a support level at 29.94, which, if violated, would cause prices to drop to 28.30. In the upper region, resistance lies at 34.61. The next price resistance is at 37.64. RSI (Relative Strength Index) is 18.95 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.93, which suggests the price will decrease in the coming days. Percent R is at 97.87%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
