Amalgamated Financial Corp’s filing revealed that its 10% Owner Western States Regional Joint unloaded Company’s shares for reported $1.67 million on Nov 19 ’24. In the deal valued at $35.08 per share,47,607 shares were sold. As a result of this transaction, Western States Regional Joint now holds 7,195,816 shares worth roughly $243.79 million.
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Then, Western States Regional Joint sold 10,000 shares, generating $352,062 in total proceeds. Upon selling the shares at $35.21, the 10% Owner now owns 7,185,816 shares.
Before that, Workers United sold 47,607 shares. Amalgamated Financial Corp shares valued at $1,670,101 were divested by the 10% Owner at a price of $35.08 per share. As a result of the transaction, Workers United now holds 7,195,816 shares, worth roughly $243.79 million.
JP Morgan upgraded its Amalgamated Financial Corp [AMAL] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late March from “an Overweight” to “a Neutral”. Keefe Bruyette also remained covering AMAL and has increased its forecast on February 04, 2020 with a “an Outperform” recommendation from previously “Mkt perform” rating.
Price Performance Review of AMAL
On Tuesday, Amalgamated Financial Corp [NASDAQ:AMAL] saw its stock jump 0.09% to $33.88. Over the last five days, the stock has lost -3.50%. Amalgamated Financial Corp shares have risen nearly 25.76% since the year began. Nevertheless, the stocks have risen 25.81% over the past one year. While a 52-week high of $38.19 was reached on 11/06/24, a 52-week low of $21.33 was recorded on 04/19/24. SMA at 50 days reached $35.01, while 200 days put it at $29.23.
Levels Of Support And Resistance For AMAL Stock
The 24-hour chart illustrates a support level at 33.47, which if violated will result in even more drops to 33.05. On the upside, there is a resistance level at 34.22. A further resistance level may holdings at 34.55. The Relative Strength Index (RSI) on the 14-day chart is 41.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.13%. Stochastics %K at 31.79% indicates the stock is a holding.
How much short interest is there in Amalgamated Financial Corp?
A steep rise in short interest was recorded in Amalgamated Financial Corp stocks on 2024-11-29, growing by 95757.0 shares to a total of 0.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.73 million shares. There was a rise of 11.56%, which implies that there is a positive sentiment for the stock.
