Argan, Inc’s recent filing unveils that its Director Rainer H Bosselmann acquired Company’s shares for reported $4.6 million on Jan 22 ’25. In the deal valued at $184.00 per share,25,000 shares were bought.
Then, Leimkuhler William F. bought 4,500 shares, generating $810,510 in total proceeds.
Before that, Getsinger Peter W sold 7,385 shares. Argan, Inc shares valued at $1,220,667 were divested by the Director at a price of $165.29 per share. As a result of the transaction, Getsinger Peter W now holds 11,792 shares, worth roughly $1.58 million.
Lake Street downgraded its Argan, Inc [AGX] rating to a Hold from a a Buy in a research note published on December 03, 2024; the price target was increased to $150 from $85. A number of analysts have revised their coverage, including CJS Securities’s analysts, who increased its forecast for the stock in late September from “a Market perform” to “a Market outperform”. Lake Street also remained covering AGX and has increased its forecast on March 28, 2018 with a “Buy” recommendation from previously “Hold” rating. Lake Street revised its rating on December 07, 2017. It rated AGX as “a Hold” which previously was an “a Buy”.
Price Performance Review of AGX
On Tuesday, Argan, Inc [NYSE:AGX] saw its stock fall -2.20% to $134.34. Over the last five days, the stock has lost -27.52%. Argan, Inc shares have fallen nearly -1.97% since the year began. Nevertheless, the stocks have risen 204.01% over the past one year. While a 52-week high of $191.46 was reached on 01/22/25, a 52-week low of $43.97 was recorded on 01/28/25. SMA at 50 days reached $151.97, while 200 days put it at $101.66.
Levels Of Support And Resistance For AGX Stock
The 24-hour chart illustrates a support level at 127.03, which if violated will result in even more drops to 119.71. On the upside, there is a resistance level at 141.33. A further resistance level may holdings at 148.31. The Relative Strength Index (RSI) on the 14-day chart is 36.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -17.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.20%. Stochastics %K at 23.54% indicates the stock is a holding.
How much short interest is there in Argan, Inc?
A steep rise in short interest was recorded in Argan, Inc stocks on 2024-11-15, growing by 61919.0 shares to a total of 0.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.39 million shares. There was a rise of 13.73%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 08, 2017 when Lake Street resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $71.
