Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amalgamated Financial Corp shares valued at $276,242 were sold by Brown Sam D. on Jan 02 ’25. At $33.41 per share, Brown Sam D. sold 8,269 shares. The insider’s holdings dropped to 36,045 shares worth approximately $1.2 million following the completion of this transaction.
Also, Sam Brown purchased 8,269 shares, netting a total of over 264,608 in proceeds.
Before that, Western States Regional Joint had sold 47,607 shares from its account. In a trade valued at $1,670,101, the 10% Owner traded Amalgamated Financial Corp shares for $35.08 each. Upon closing the transaction, the insider’s holdings decreased to 47,607 shares, worth approximately $239.76 million.
As published in a research note from JP Morgan on December 12, 2023, Amalgamated Financial Corp [AMAL] has been rated up from a Neutral to an Overweight and the price target has been revised to $29. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of February 04, 2020, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for AMAL.
Analyzing AMAL Stock Performance
During the last five days, there has been a drop of approximately -0.45%. Over the course of the year, Amalgamated Financial Corp shares have dropped approximately -0.45%. Shares of the company reached a 52-week high of $33.99 on 01/02/25 and a 52-week low of $32.66 on 01/03/25. A 50-day SMA is recorded $34.88, while a 200-day SMA reached $29.69. Nevertheless, trading volume fell to 93412.0 shares from 0.12 million shares the previous day.
Support And Resistance Levels for Amalgamated Financial Corp (AMAL)
According to the 24-hour chart, there is a support level at 32.94, which, if violated, would cause prices to drop to 32.55. In the upper region, resistance lies at 33.53. The next price resistance is at 33.73. RSI (Relative Strength Index) is 40.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 71.52%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
