Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Argan, Inc shares valued at $4,600,000 were purchased by Rainer H Bosselmann on Jan 22 ’25. At $184.00 per share, Rainer H Bosselmann acquired 25,000 shares.
Also, Leimkuhler William F. purchased 4,500 shares, netting a total of over 810,510 in proceeds.
Before that, Getsinger Peter W had sold 7,385 shares from its account. In a trade valued at $1,220,667, the Director traded Argan, Inc shares for $165.29 each. Upon closing the transaction, the insider’s holdings decreased to 7,385 shares, worth approximately $1.69 million.
As published in a research note from Lake Street on December 03, 2024, Argan, Inc [AGX] has been rated down from a Buy to a Hold and the price target has been revised to $150 from $85. Analysts at CJS Securities upgraded the stock from ‘”a Market perform”‘ to ‘”a Market outperform”‘ outlook in a report released in late September. As of March 28, 2018, Lake Street has increased its “Hold” rating to a “Buy” for AGX. Earlier on December 07, 2017, Lake Street downgraded its rating. Their new recommendation was “a Hold” for AGX stock which previously was a “a Buy”.
Analyzing AGX Stock Performance
During the last five days, there has been a surge of approximately 7.37%. Over the course of the year, Argan, Inc shares have jumped approximately 4.34%. Shares of the company reached a 52-week high of $191.46 on 01/22/25 and a 52-week low of $126.70 on 01/28/25. A 50-day SMA is recorded $150.82, while a 200-day SMA reached $103.98. Nevertheless, trading volume fell to 0.6 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Argan, Inc (AGX)
According to the 24-hour chart, there is a support level at 135.89, which, if violated, would cause prices to drop to 128.80. In the upper region, resistance lies at 147.15. The next price resistance is at 151.31. RSI (Relative Strength Index) is 45.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -17.90, which suggests the price will decrease in the coming days. Percent R is at 74.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
