Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Federal Agricultural Mortgage Corp shares valued at $978,912 were sold by Mullery Stephen P on Dec 12 ’24. At $216.00 per share, Mullery Stephen P sold 4,532 shares. The insider’s holdings dropped to 17,513 shares worth approximately $3.29 million following the completion of this transaction.
Also, Mullery Stephen P sold 543 shares, netting a total of over 117,288 in proceeds. Following the sale of shares at $216.00 each, the insider now holds 22,045 shares.
Before that, NORDHOLM BRADFORD T had sold 5,073 shares from its account. In a trade valued at $1,082,413, the President and CEO traded Federal Agricultural Mortgage Corp shares for $213.37 each. Upon closing the transaction, the insider’s holdings decreased to 5,073 shares, worth approximately $7.72 million.
As published in a research note from Keefe Bruyette on July 29, 2024, Federal Agricultural Mortgage Corp [AGM] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $215 from $212. Analysts at Keefe Bruyette started covering the stock with ‘”an Outperform”‘ outlook in a report released in early September. As of March 29, 2023, Sidoti has increased its “Neutral” rating to a “Buy” for AGM. Earlier on February 23, 2023, Sidoti downgraded its rating. Their new recommendation was “a Neutral” for AGM stock which previously was a “a Buy”.
Analyzing AGM Stock Performance
During the last five days, there has been a drop of approximately -4.67%. Over the course of the year, Federal Agricultural Mortgage Corp shares have dropped approximately -4.67%. Shares of the company reached a 52-week high of $197.78 on 01/02/25 and a 52-week low of $184.99 on 01/08/25. A 50-day SMA is recorded $202.72, while a 200-day SMA reached $190.07. Nevertheless, trading volume fell to 50054.0 shares from 59800.0 shares the previous day.
Support And Resistance Levels for Federal Agricultural Mortgage Corp (AGM)
According to the 24-hour chart, there is a support level at 185.29, which, if violated, would cause prices to drop to 182.82. In the upper region, resistance lies at 189.93. The next price resistance is at 192.09. RSI (Relative Strength Index) is 31.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.64, which suggests the price will decrease in the coming days. Percent R is at 89.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
