A-Mark Precious Metals Inc’s recent filing unveils that its Director BENJAMIN JEFFREY D unloaded Company’s shares for reported $2.62 million on Sep 20 ’24. In the deal valued at $43.65 per share,60,000 shares were sold. As a result of this transaction, BENJAMIN JEFFREY D now holds 664,198 shares worth roughly $19.1 million.
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Then, Wittmeyer Michael R. sold 74,842 shares, generating $3,292,851 in total proceeds. Upon selling the shares at $44.00, the Director now owns 292,535 shares.
Before that, Wittmeyer Michael R. sold 10,975 shares. A-Mark Precious Metals Inc shares valued at $475,187 were divested by the Director at a price of $43.30 per share. As a result of the transaction, Wittmeyer Michael R. now holds 292,535 shares, worth roughly $8.41 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 Friday, A-Mark Precious Metals Inc [NASDAQ:AMRK] saw its stock fall -4.52% to $28.75. Over the last five days, the stock has lost -5.12%. A-Mark Precious Metals Inc shares have fallen nearly -4.96% since the year began. Nevertheless, the stocks have fallen -2.01% over the past one year. While a 52-week high of $47.39 was reached on 09/16/24, a 52-week low of $24.22 was recorded on 02/23/24. SMA at 50 days reached $36.55, while 200 days put it at $36.00.
Levels Of Support And Resistance For AMRK Stock
The 24-hour chart illustrates a support level at 27.69, which if violated will result in even more drops to 26.63. On the upside, there is a resistance level at 30.03. A further resistance level may holdings at 31.32. The Relative Strength Index (RSI) on the 14-day chart is 28.73, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.42%. Stochastics %K at 46.08% indicates the stock is a holding.
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 2024-11-15, dropping by -0.51 million shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.75 million shares. There was a decline of -22.68%, which implies that there is a negative 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.
