Amalgamated Financial Corp’s recent filing unveils that its Chief Strategy & Admin Officer Romney Edgar Jr unloaded Company’s shares for reported $0.35 million on Feb 13 ’25. In the deal valued at $36.14 per share,9,782 shares were sold. As a result of this transaction, Romney Edgar Jr now holds 13,856 shares worth roughly $0.45 million.
Then, Edgar Romney Jr. bought 9,800 shares, generating $356,524 in total proceeds.
Before that, Western States Regional Joint sold 44,983 shares. Amalgamated Financial Corp shares valued at $1,535,058 were divested by the 10% Owner at a price of $34.13 per share. As a result of the transaction, Western States Regional Joint now holds 7,122,833 shares, worth roughly $231.63 million.
Piper Sandler downgraded its Amalgamated Financial Corp [AMAL] rating to a Neutral from a an Overweight in a research note published on February 21, 2025; the price target was decreased to $38 from $42. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. JP Morgan also remained covering AMAL and has decreased its forecast on March 23, 2021 with a “Neutral” recommendation from previously “an Overweight” rating. Keefe Bruyette revised its rating on February 04, 2020. It rated AMAL as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of AMAL
On Friday, Amalgamated Financial Corp [NASDAQ:AMAL] saw its stock fall -7.82% to $32.52. Over the last five days, the stock has lost -10.49%. Amalgamated Financial Corp shares have fallen nearly -2.84% since the year began. Nevertheless, the stocks have risen 34.21% over the past one year. While a 52-week high of $38.19 was reached on 02/14/25, a 52-week low of $21.33 was recorded on 01/10/25. SMA at 50 days reached $34.66, while 200 days put it at $31.41.
Levels Of Support And Resistance For AMAL Stock
The 24-hour chart illustrates a support level at 31.51, which if violated will result in even more drops to 30.50. On the upside, there is a resistance level at 34.18. A further resistance level may holdings at 35.84. The Relative Strength Index (RSI) on the 14-day chart is 35.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.94%. Stochastics %K at 41.08% indicates the stock is a holding.
