EL SEGUNDO, CA – John Moorhead, a director at A-Mark Precious Metals, Inc. (NASDAQ:AMRK), has recently sold a portion of his stock in the company. The transactions, which took place on May 10, 2024, resulted in the sale of 2,500 shares at an average price of $38.46 per share, totaling approximately $96,150.
According to the filing, the shares were sold in multiple transactions with prices ranging from $38.40 to $38.52. After the sale, Moorhead still owns 28,768 shares of A-Mark Precious Metals, indicating a continued vested interest in the company's performance.
The sale by a company insider is always a point of interest for investors and market watchers. It provides insight into the perspectives and financial actions of those who are closely involved with the company's operations and strategic direction.
A-Mark Precious Metals, with a specialization in wholesale jewelry, watches, precious stones, and metals, is known for its position in the precious metals market. The company's stock performance and insider transactions are often looked at for signs of the company's financial health and future prospects.
Investors and stakeholders in A-Mark Precious Metals are encouraged to review the full details of the transaction, which are available upon request from the company or the Securities and Exchange Commission.
InvestingPro Insights
Amid the news of insider stock sales at A-Mark Precious Metals, Inc. (NASDAQ:AMRK), investors are keenly observing the company's financial health and stock performance. According to InvestingPro data, A-Mark Precious Metals currently has a market capitalization of approximately $881.91 million. The company's P/E ratio stands at 11.22, reflecting investor sentiment and market expectations of the company's earnings potential.
Despite a challenging market environment, A-Mark Precious Metals has shown resilience with a strong return over the last three months, as evidenced by a 43.2% price total return in that period. This is particularly noteworthy considering that the stock price often moves in the opposite direction of the market, according to an InvestingPro Tip. Additionally, the company's liquid assets exceed its short-term obligations, suggesting a stable financial position for meeting its immediate liabilities.
Investors interested in a deeper analysis of A-Mark Precious Metals can explore further InvestingPro Tips, which include insights such as the company's weak gross profit margins and the expectation of a net income drop this year. For more comprehensive research and additional tips, visit https://www.investing.com/pro/AMRK and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 11 additional InvestingPro Tips available for A-Mark Precious Metals, providing a more nuanced understanding of the company's performance and outlook.
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