The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Argan, Inc shares valued at $1,020,675 were sold by Griffin William F Jr on Oct 30 ’24. At $136.09 per share, Griffin William F Jr sold 7,500 shares. The insider’s holdings dropped to 11,650 shares worth approximately $1.81 million following the completion of this transaction.
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Also, Griffin William F Jr purchased 7,500 shares, netting a total of over 1,020,642 in proceeds.
Before that, BOSSELMANN RAINER H had sold 10,105 shares from its account. In a trade valued at $1,314,660, the Director traded Argan, Inc shares for $130.10 each. Upon closing the transaction, the insider’s holdings decreased to 10,105 shares, worth approximately $34.09 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 surge of approximately 5.57%. Over the course of the year, Argan, Inc shares have jumped approximately 231.37%. Shares of the company reached a 52-week high of $165.33 on 11/27/24 and a 52-week low of $43.44 on 01/24/24. A 50-day SMA is recorded $127.67, while a 200-day SMA reached $81.45. Nevertheless, trading volume fell to 0.22 million shares from 0.31 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 150.80, which, if violated, would cause prices to drop to 146.56. In the upper region, resistance lies at 162.31. The next price resistance is at 169.58. RSI (Relative Strength Index) is 60.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.93, which suggests the price will increase in the coming days. Percent R is at 26.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
