AMBAC Financial Group Inc’s recent filing unveils that its Director Matus Kristi Ann acquired Company’s shares for reported $70308.0 on Sep 27 ’24. In the deal valued at $11.16 per share,6,300 shares were bought. As a result of this transaction, Matus Kristi Ann now holds 9,000 shares worth roughly $0.1 million.
Then, Matus Kristi Ann bought 2,700 shares, generating $30,429 in total proceeds. Upon buying the shares at $11.27, the Director now owns 2,700 shares.
Before that, Smith R Sharon bought 1,100 shares. AMBAC Financial Group Inc shares valued at $11,704 were divested by the Exec VP & Chief Strategy Offr at a price of $10.64 per share. As a result of the transaction, Smith R Sharon now holds 74,707 shares, worth roughly $0.87 million.
ROTH MKM upgraded its AMBAC Financial Group Inc [AMBC] rating to a Buy from a a Neutral in a research note published on September 18, 2024; the price target was increased to $15 from $13. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Compass Point began covering AMBC with “Neutral” recommendation on November 28, 2022. MKM Partners revised its rating on May 12, 2017. It rated AMBC as “a Neutral” which previously was an “a Sell”.
Price Performance Review of AMBC
On Friday, AMBAC Financial Group Inc [NYSE:AMBC] saw its stock jump 0.26% to $11.65. Over the last five days, the stock has lost -0.09%. AMBAC Financial Group Inc shares have fallen nearly -7.91% since the year began. Nevertheless, the stocks have fallen -28.31% over the past one year. While a 52-week high of $18.45 was reached on 01/02/25, a 52-week low of $10.12 was recorded on 01/10/25. SMA at 50 days reached $11.89, while 200 days put it at $12.49.
Levels Of Support And Resistance For AMBC Stock
The 24-hour chart illustrates a support level at 11.50, which if violated will result in even more drops to 11.35. On the upside, there is a resistance level at 11.85. A further resistance level may holdings at 12.05. The Relative Strength Index (RSI) on the 14-day chart is 50.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.95%. Stochastics %K at 41.44% indicates the stock is a holding.
